Interactive Brokers Group, Inc. (IBKR) Vice Chairman Earl H. Nemser Sells 841 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 841 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $41.29, for a total transaction of $34,724.89. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Interactive Brokers Group, Inc. (NASDAQ IBKR) traded up 0.32% during trading on Tuesday, reaching $41.28. 410,067 shares of the company’s stock were exchanged. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $41.59. The company’s 50-day moving average is $38.79 and its 200-day moving average is $36.78. The company has a market capitalization of $2.95 billion, a PE ratio of 40.31 and a beta of 0.94.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.05. The company had revenue of $387 million during the quarter, compared to analyst estimates of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.40 earnings per share. Equities research analysts expect that Interactive Brokers Group, Inc. will post $1.51 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.40 annualized dividend and a yield of 0.97%. Interactive Brokers Group’s dividend payout ratio is 38.84%.

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A number of research firms have weighed in on IBKR. BidaskClub raised shares of Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday. Zacks Investment Research cut shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th. Rosenblatt Securities began coverage on shares of Interactive Brokers Group in a research report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 price objective for the company. SunTrust Banks, Inc. reissued a “hold” rating and issued a $38.00 price objective on shares of Interactive Brokers Group in a research report on Thursday, July 6th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $38.00 price objective on shares of Interactive Brokers Group in a research report on Friday, June 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $39.17.

Hedge funds have recently bought and sold shares of the company. Reinhart Partners Inc. raised its stake in Interactive Brokers Group by 2.8% in the first quarter. Reinhart Partners Inc. now owns 42,230 shares of the financial services provider’s stock valued at $1,466,000 after buying an additional 1,160 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in Interactive Brokers Group by 6.7% in the first quarter. Great West Life Assurance Co. Can now owns 94,759 shares of the financial services provider’s stock valued at $3,289,000 after buying an additional 5,966 shares in the last quarter. Advisory Services Network LLC bought a new stake in Interactive Brokers Group during the first quarter valued at about $203,000. Wells Fargo & Company MN raised its stake in Interactive Brokers Group by 36.4% in the first quarter. Wells Fargo & Company MN now owns 387,990 shares of the financial services provider’s stock valued at $13,471,000 after buying an additional 103,560 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Interactive Brokers Group by 33.2% in the first quarter. Russell Investments Group Ltd. now owns 197,710 shares of the financial services provider’s stock valued at $6,865,000 after buying an additional 49,231 shares in the last quarter. Institutional investors own 14.19% of the company’s stock.

Interactive Brokers Group Company Profile

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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