Insider Selling: Interactive Brokers Group, Inc. (IBKR) Vice Chairman Sells $78,360.48 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,649 shares of the company’s stock in a transaction dated Friday, October 6th. The shares were sold at an average price of $47.52, for a total transaction of $78,360.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 47.64 on Friday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 46.52 and a beta of 0.96. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $48.15. The firm has a 50-day moving average price of $43.91 and a 200 day moving average price of $38.62.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.05). Interactive Brokers Group had a net margin of 4.97% and a return on equity of 1.19%. The company had revenue of $387.00 million during the quarter, compared to analysts’ expectations of $377.65 million. During the same quarter last year, the business posted $0.40 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts expect that Interactive Brokers Group, Inc. will post $1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 0.84%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 38.84%.

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Hedge funds have recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its stake in shares of Interactive Brokers Group by 27.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,966 shares of the financial services provider’s stock valued at $111,000 after purchasing an additional 647 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Interactive Brokers Group by 71.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,095 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 1,295 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at approximately $224,000. Hartford Investment Management Co. purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $239,000. Finally, Shelton Capital Management purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $253,000. Institutional investors own 15.01% of the company’s stock.

A number of equities research analysts recently commented on IBKR shares. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $40.00 target price on shares of Interactive Brokers Group in a research report on Wednesday, October 4th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a research report on Friday, June 30th. Rosenblatt Securities started coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price on the stock. Finally, BidaskClub lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.33.

About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

Insider Buying and Selling by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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