Paul Jonathan Brody Sells 112,574 Shares of Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Paul Jonathan Brody sold 112,574 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $63.23, for a total value of $7,118,054.02. Following the completion of the transaction, the chief financial officer directly owned 675,027 shares in the company, valued at $42,681,957.21. This trade represents a 14.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Paul Jonathan Brody also recently made the following trade(s):

• On Friday, September 12th, Paul Jonathan Brody sold 97,209 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.06, for a total value of $6,227,208.54.
• On Wednesday, September 10th, Paul Jonathan Brody sold 104,906 shares of Interactive Brokers Group stock. The shares were sold at an average price of $62.51, for a total value of $6,557,674.06.
• On Tuesday, September 9th, Paul Jonathan Brody sold 107,493 shares of Interactive Brokers Group stock. The stock was sold at an average price of $61.87, for a total value of $6,650,591.91.

Interactive Brokers Group Trading Down 2.3%

Shares of IBKR stock opened at $62.25 on Tuesday. Interactive Brokers Group, Inc. has a twelve month low of $32.00 and a twelve month high of $68.07. The stock has a market capitalization of $105.58 billion, a price-to-earnings ratio of 32.01, a P/E/G ratio of 2.59 and a beta of 1.23. The stock has a fifty day simple moving average of $62.82 and a two-hundred day simple moving average of $52.62.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business earned $1.76 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s dividend payout ratio is 16.49%.

Analyst Ratings Changes

IBKR has been the subject of a number of analyst reports. Wall Street Zen upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Citigroup upped their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Barclays upped their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, July 18th. Finally, Piper Sandler upped their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $59.38.

Institutional Investors Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NWF Advisory Services Inc. acquired a new position in shares of Interactive Brokers Group in the second quarter valued at about $2,510,000. Osaic Holdings Inc. increased its holdings in shares of Interactive Brokers Group by 317.3% in the second quarter. Osaic Holdings Inc. now owns 57,017 shares of the financial services provider’s stock valued at $3,161,000 after purchasing an additional 43,353 shares during the period. Orion Porfolio Solutions LLC increased its holdings in shares of Interactive Brokers Group by 537.1% in the second quarter. Orion Porfolio Solutions LLC now owns 35,564 shares of the financial services provider’s stock valued at $1,971,000 after purchasing an additional 29,982 shares during the period. Munro Partners acquired a new position in shares of Interactive Brokers Group in the second quarter valued at about $4,806,000. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Interactive Brokers Group by 260.2% in the second quarter. Thrivent Financial for Lutherans now owns 102,619 shares of the financial services provider’s stock valued at $5,686,000 after purchasing an additional 74,127 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.