Interactive Brokers Group (NASDAQ:IBKR) Director Lawrence Harris Sells 22,000 Shares of Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Director Lawrence Harris sold 22,000 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total value of $1,487,860.00. Following the completion of the sale, the director directly owned 231,704 shares in the company, valued at $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $69.49 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The business’s fifty day moving average price is $65.61 and its two-hundred day moving average price is $57.79. The firm has a market capitalization of $117.86 billion, a PE ratio of 33.37, a P/E/G ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $1.61 earnings per share. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be issued 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 of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBKR. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at $26,000. ORG Partners LLC boosted its position in shares of Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares during the period. Huntington National Bank boosted its position 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 valued at $29,000 after purchasing an additional 176 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 423 shares during the period. Finally, Private Wealth Asset Management LLC boosted its position in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 435 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. CICC Research assumed coverage on Interactive Brokers Group in a report on Monday. They set an “outperform” rating and a $78.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Barclays set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. BMO Capital Markets raised their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $72.08.

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.