Earl H. Nemser Sells 1,666 Shares of Interactive Brokers Group, Inc. (IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,666 shares of Interactive Brokers Group stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $41.94, for a total value of $69,872.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 41.88 on Friday. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 40.90 and a beta of 0.94. The firm’s 50-day moving average price is $41.26 and its 200 day moving average price is $37.40. Interactive Brokers Group, Inc. has a 1-year low of $31.97 and a 1-year high of $42.74.

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 Zacks’ 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 for the quarter, compared to analyst estimates of $377.65 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. Interactive Brokers Group’s revenue was up 4.9% on a year-over-year basis. 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 was paid on Thursday, September 14th. Stockholders of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. Interactive Brokers Group’s payout ratio is 38.84%.

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Several hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted its position in shares of Interactive Brokers Group by 17.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 29,342 shares of the financial services provider’s stock valued at $1,098,000 after acquiring an additional 4,260 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $550,000. The Manufacturers Life Insurance Company lifted its position in shares of Interactive Brokers Group by 27.9% during 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 acquiring an additional 647 shares during the period. Shelton Capital Management acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at approximately $253,000. Finally, Western Standard LLC lifted its position in shares of Interactive Brokers Group by 0.7% during the 2nd quarter. Western Standard LLC now owns 75,600 shares of the financial services provider’s stock valued at $2,829,000 after acquiring an additional 500 shares during the period. Institutional investors own 15.01% of the company’s stock.

Several equities analysts recently weighed in on IBKR shares. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research note on Friday, June 30th. Rosenblatt Securities started coverage on Interactive Brokers Group in a research note on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. BidaskClub lowered Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Interactive Brokers Group has an average rating of “Hold” and an average price target of $39.17.

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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