Interactive Brokers Group (NASDAQ:IBKR) Vice Chairman Earl Nemser Sells 94,800 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl Nemser sold 94,800 shares of the firm’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $76.19, for a total value of $7,222,812.00. Following the completion of the sale, the insider directly owned 60,200 shares in the company, valued at $4,586,638. This trade represents a 61.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Interactive Brokers Group Stock Down 0.0%

Interactive Brokers Group stock traded down $0.03 during trading hours on Wednesday, hitting $75.45. The stock had a trading volume of 4,183,104 shares, compared to its average volume of 5,483,492. The stock has a market cap of $127.97 billion, a price-to-earnings ratio of 34.06, a P/E/G ratio of 2.11 and a beta of 1.24. The business’s 50 day simple moving average is $67.41 and its 200-day simple moving average is $66.30. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $78.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the previous year, the company earned $0.51 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.48%.

Interactive Brokers Group News Summary

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: Earnings beat and strong top-line growth: IBKR reported Q results with EPS and revenue above consensus and year-over-year revenue growth (~18.5%), supporting bullish investor expectations. Earnings Call Transcript
• Positive Sentiment: Zacks upgrade and momentum coverage: Zacks Research recently upgraded IBKR to a “strong?buy” and multiple Zacks pieces highlight the stock’s recent price strength and investor attention, which can attract additional flow. Zacks: Attracting Investor Attention
• Positive Sentiment: Analyst target upgrades and positive consensus: Several firms (BMO, Barclays, Piper Sandler) have raised targets or kept overweight/outperform views; MarketBeat shows a “Moderate Buy” consensus and a near?term average target slightly above the current price, supporting further upside. MarketBeat Analyst Coverage
• Neutral Sentiment: Dividend and capital return: IBKR announced a modest quarterly dividend (small yield), which is supportive but not a major catalyst for price moves. Dividend & Company Details
• Negative Sentiment: Large insider selling by Vice Chairman Earl Nemser: Multiple recent sales (totaling millions of dollars, executed at prices in the mid?$70s) were disclosed and were not part of a 10b5?1 plan — a discretionary sale that can be interpreted as a bearish signal or at least a source of selling pressure. InsiderTrades: Nemser Sale

Analyst Ratings Changes

IBKR has been the subject of a number of recent analyst reports. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.39.

Institutional Trading of Interactive Brokers Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. ORG Partners LLC increased its stake in shares of Interactive Brokers Group by 312.9% during the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after buying an additional 363 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Huntington National Bank lifted its stake in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the period. Private Wealth Asset Management LLC boosted its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after buying an additional 435 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at about $32,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.