Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) Director Lawrence Harris sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the completion of the transaction, the director owned 148,482 shares of the company’s stock, valued at approximately $12,266,098.02. This trade represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Interactive Brokers Group Stock Performance
Shares of NASDAQ:IBKR opened at $81.77 on Friday. The firm has a market cap of $139.12 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 1.37 and a beta of 1.37. The firm’s fifty day moving average is $88.66 and its 200-day moving average is $82.85. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. Interactive Brokers Group’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.
Interactive Brokers Group Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 13.46%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on IBKR shares. Seaport Research Partners raised Interactive Brokers Group to a “buy” rating in a research note on Monday, October 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a research note on Friday, October 16th. Rothschild & Co Redburn upped their target price on Interactive Brokers Group from $94.00 to $95.00 and gave the company a “buy” rating in a report on Monday, September 21st. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, October 16th. Finally, Bank of America reissued a “buy” rating and set a $116.00 target price (up from $114.00) on shares of Interactive Brokers Group in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.87.
Check Out Our Latest Research Report on Interactive Brokers Group
Hedge Funds Weigh In On Interactive Brokers Group
Several hedge funds and other institutional investors have recently bought and sold shares of IBKR. BOCHK Asset Management Ltd bought a new stake in Interactive Brokers Group during the third quarter valued at $26,000. Wealth Enhancement Trust Services Inc. raised its position in shares of Interactive Brokers Group by 1,217.2% in the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 353 shares in the last quarter. CoreCap Advisors LLC raised its position in shares of Interactive Brokers Group by 62.2% in the 3rd quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 201 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Interactive Brokers Group by 584.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 456 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Interactive Brokers Group by 70.4% in the 3rd quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 271 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.
Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.
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