Paul Jonathan Brody Sells 17,058 Shares of Interactive Brokers Group (NASDAQ:IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the completion of the transaction, the chief financial officer directly owned 28,289 shares of the company’s stock, valued at $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 25th, Paul Jonathan Brody sold 14,296 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.81, for a total transaction of $926,523.76.
• On Wednesday, September 24th, Paul Jonathan Brody sold 14,391 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.81, for a total transaction of $932,680.71.
• On Tuesday, September 23rd, Paul Jonathan Brody sold 19,025 shares of Interactive Brokers Group stock. The stock was sold at an average price of $65.30, for a total transaction of $1,242,332.50.
• 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 stock was 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 stock was sold at an average price of $63.13, for a total transaction 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 transaction of $6,173,461.12.
• On Friday, September 12th, Paul Jonathan Brody sold 97,209 shares of Interactive Brokers Group stock. The stock was sold at an average price of $64.06, for a total transaction of $6,227,208.54.

Interactive Brokers Group Stock Down 0.0%

Shares of IBKR stock opened at $68.78 on Thursday. The company has a 50 day moving average price of $64.11 and a 200-day moving average price of $54.19. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $70.49. The firm has a market capitalization of $116.66 billion, a PE ratio of 35.36, a P/E/G ratio of 2.80 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.76 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds have recently modified their holdings of the company. Vigilare Wealth Management bought a new position in shares of Interactive Brokers Group in the third quarter worth approximately $301,000. Praxis Investment Management Inc. boosted its position in shares of Interactive Brokers Group by 21.8% in the third quarter. Praxis Investment Management Inc. now owns 31,079 shares of the financial services provider’s stock worth $2,139,000 after purchasing an additional 5,559 shares during the period. Corient Private Wealth LLC boosted its position in shares of Interactive Brokers Group by 377.9% in the second quarter. Corient Private Wealth LLC now owns 71,724 shares of the financial services provider’s stock worth $3,974,000 after purchasing an additional 56,716 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of Interactive Brokers Group by 282.5% in the second quarter. Texas Permanent School Fund Corp now owns 575,604 shares of the financial services provider’s stock worth $31,894,000 after purchasing an additional 425,118 shares during the period. Finally, NWF Advisory Services Inc. bought a new position in shares of Interactive Brokers Group in the second quarter worth approximately $2,510,000. 23.80% of the stock is currently owned by 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.