Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Sells $1,132,351.11 in Stock

Posted by Defense World Staff on Oct 7th, 2023

Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Free Report) CFO Paul Jonathan Brody sold 13,147 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $86.13, for a total value of $1,132,351.11. Following the completion of the sale, the chief financial officer now owns 294,324 shares in the company, valued at $25,350,126.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

On Wednesday, October 4th, Paul Jonathan Brody sold 13,147 shares of Interactive Brokers Group stock. The stock was sold at an average price of $86.53, for a total value of $1,137,609.91.
On Friday, September 29th, Paul Jonathan Brody sold 13,148 shares of Interactive Brokers Group stock. The stock was sold at an average price of $86.89, for a total value of $1,142,429.72.
On Wednesday, September 27th, Paul Jonathan Brody sold 13,147 shares of Interactive Brokers Group stock. The stock was sold at an average price of $87.66, for a total value of $1,152,466.02.
On Monday, September 25th, Paul Jonathan Brody sold 13,147 shares of Interactive Brokers Group stock. The stock was sold at an average price of $87.79, for a total value of $1,154,175.13.
On Friday, September 22nd, Paul Jonathan Brody sold 13,125 shares of Interactive Brokers Group stock. The stock was sold at an average price of $88.31, for a total value of $1,159,068.75.
On Wednesday, September 20th, Paul Jonathan Brody sold 13,148 shares of Interactive Brokers Group stock. The stock was sold at an average price of $89.61, for a total value of $1,178,192.28.
On Monday, September 18th, Paul Jonathan Brody sold 13,147 shares of Interactive Brokers Group stock. The stock was sold at an average price of $90.62, for a total value of $1,191,381.14.
On Friday, September 15th, Paul Jonathan Brody sold 13,148 shares of Interactive Brokers Group stock. The stock was sold at an average price of $91.82, for a total value of $1,207,249.36.
On Wednesday, September 13th, Paul Jonathan Brody sold 11,564 shares of Interactive Brokers Group stock. The stock was sold at an average price of $92.48, for a total value of $1,069,438.72.
On Monday, September 11th, Paul Jonathan Brody sold 11,747 shares of Interactive Brokers Group stock. The stock was sold at an average price of $94.64, for a total value of $1,111,736.08.

Interactive Brokers Group Stock Up 2.0 %

IBKR stock opened at $89.67 on Friday. The business’s fifty day moving average is $90.51 and its 200-day moving average is $83.84. The company has a market cap of $37.75 billion, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 0.70 and a beta of 0.79. Interactive Brokers Group, Inc. has a twelve month low of $66.89 and a twelve month high of $95.59.

Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.08). The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.06 billion. Interactive Brokers Group had a return on equity of 4.41% and a net margin of 8.14%. The business’s quarterly revenue was up 52.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.84 EPS. Research analysts anticipate that Interactive Brokers Group, Inc. will post 5.62 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.45%. The ex-dividend date of this dividend was Thursday, August 31st. Interactive Brokers Group’s payout ratio is presently 8.16%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays upped their price objective on Interactive Brokers Group from $97.00 to $106.00 in a report on Thursday, July 13th. StockNews.com assumed coverage on Interactive Brokers Group in a report on Thursday. They set a “hold” rating on the stock. UBS Group assumed coverage on Interactive Brokers Group in a report on Tuesday. They set a “buy” rating and a $113.00 price objective on the stock. Finally, The Goldman Sachs Group started coverage on Interactive Brokers Group in a report on Tuesday, September 19th. They set a “neutral” rating and a $97.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $111.14.

Get Our Latest Analysis on IBKR

Institutional Trading of Interactive Brokers Group

Several hedge funds have recently added to or reduced their stakes in IBKR. JPMorgan Chase & Co. raised its stake in Interactive Brokers Group by 33.5% during the 1st quarter. JPMorgan Chase & Co. now owns 160,658 shares of the financial services provider’s stock worth $10,589,000 after buying an additional 40,304 shares during the period. American Century Companies Inc. increased its holdings in Interactive Brokers Group by 213.5% during the 1st quarter. American Century Companies Inc. now owns 13,796 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 9,395 shares in the last quarter. HighTower Advisors LLC increased its holdings in Interactive Brokers Group by 10.7% during the 1st quarter. HighTower Advisors LLC now owns 3,966 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 384 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Interactive Brokers Group by 14.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,199 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 532 shares in the last quarter. Finally, Natixis Advisors L.P. bought a new position in Interactive Brokers Group during the 1st quarter worth about $699,000. Institutional investors and hedge funds own 21.56% of the company’s stock.

About Interactive Brokers Group

(Get Free Report)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.