Paul Jonathan Brody Sells 19,025 Shares of Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Paul Jonathan Brody sold 19,025 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $65.30, for a total value of $1,242,332.50. Following the completion of the sale, the chief financial officer owned 74,034 shares of the company’s stock, valued at approximately $4,834,420.20. This represents a 20.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Wednesday, September 24th, Paul Jonathan Brody sold 14,391 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.81, for a total transaction of $932,680.71.
• On Monday, September 22nd, Paul Jonathan Brody sold 15,202 shares of Interactive Brokers Group stock. The stock was sold at an average price of $63.96, for a total transaction of $972,319.92.
• On Friday, September 19th, Paul Jonathan Brody sold 50,693 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.61, for a total transaction of $3,275,274.73.
• On Thursday, September 18th, Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53.
• On Wednesday, September 17th, Paul Jonathan Brody sold 106,521 shares of Interactive Brokers Group stock. The stock was sold at an average price of $62.24, for a total transaction of $6,629,867.04.
• On Monday, September 15th, Paul Jonathan Brody sold 96,294 shares of Interactive Brokers Group stock. The shares were sold at an average price of $63.13, for a total value of $6,079,040.22.
• On Tuesday, September 16th, Paul Jonathan Brody sold 99,188 shares of Interactive Brokers Group stock. The stock was sold at an average price of $62.24, for a total value of $6,173,461.12.
• 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 Thursday, September 11th, Paul Jonathan Brody sold 112,574 shares of Interactive Brokers Group stock. The stock was sold at an average price of $63.23, for a total value of $7,118,054.02.
• 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 transaction of $6,557,674.06.

Interactive Brokers Group Trading Up 0.8%

NASDAQ IBKR opened at $64.97 on Friday. The stock has a market cap of $110.20 billion, a PE ratio of 33.40, a PEG ratio of 2.62 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $68.07. The company’s 50-day moving average price is $63.69 and its 200-day moving average price is $53.46.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.76 EPS. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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

Institutional Investors Weigh In On Interactive Brokers Group

A number of large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its position in shares of Interactive Brokers Group by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after purchasing an additional 199,467 shares during the period. Thrive Wealth Management LLC increased its holdings in Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 6,163 shares in the last quarter. Inspire Investing LLC raised its position in Interactive Brokers Group by 19.5% during the first quarter. Inspire Investing LLC now owns 47,341 shares of the financial services provider’s stock worth $7,839,000 after acquiring an additional 7,734 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of Interactive Brokers Group by 334.1% in the first quarter. First Hawaiian Bank now owns 7,557 shares of the financial services provider’s stock valued at $1,251,000 after purchasing an additional 5,816 shares in the last quarter. Finally, Brady Martz Wealth Solutions LLC grew its position in shares of Interactive Brokers Group by 300.0% in the second quarter. Brady Martz Wealth Solutions LLC now owns 7,164 shares of the financial services provider’s stock valued at $397,000 after purchasing an additional 5,373 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

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

Interactive Brokers Group Company Profile

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.