Insider Selling: Interactive Brokers Group, Inc. (IBKR) Vice Chairman Sells $76,475.76 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Vice Chairman Earl H. Nemser sold 1,623 shares of the business’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $47.12, for a total value of $76,475.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Interactive Brokers Group, Inc. (NASDAQ IBKR) opened at 47.45 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 46.34 and a beta of 0.96. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $48.15. The company’s 50-day moving average price is $43.18 and its 200-day moving average price is $38.26.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. During the same period in the prior year, the firm posted $0.40 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post $1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Interactive Brokers Group’s dividend payout ratio is currently 38.84%.

TRADEMARK VIOLATION WARNING: This news story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/08/insider-selling-interactive-brokers-group-inc-ibkr-vice-chairman-sells-76475-76-in-stock.html.

A number of research firms recently commented on IBKR. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Thursday, July 6th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, September 19th. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Rosenblatt Securities began coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.33.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Interactive Brokers Group by 75,132.1% during the 1st quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after buying an additional 6,620,639 shares during the last quarter. Cantillon Capital Management LLC purchased a new position in shares of Interactive Brokers Group during the 2nd quarter valued at about $72,067,000. OppenheimerFunds Inc. raised its stake in shares of Interactive Brokers Group by 3,912.4% during the 1st quarter. OppenheimerFunds Inc. now owns 888,917 shares of the financial services provider’s stock valued at $30,863,000 after buying an additional 866,763 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Interactive Brokers Group by 68.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock valued at $73,898,000 after buying an additional 803,838 shares during the last quarter. Finally, Bares Capital Management Inc. raised its stake in shares of Interactive Brokers Group by 24.4% during the 1st quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after buying an additional 788,086 shares during the last quarter. 15.01% of the stock is owned by institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

NASDAQ IBKR) opened at 47.45 on Friday. The stock has a market cap of $3.39 billion, a PE ratio of 46.34 and a beta of 0.96. Interactive Brokers Group, Inc. has a 52-week low of $31.97 and a 52-week high of $48.15. The company’s 50-day moving average price is $43.18 and its 200-day moving average price is $38.26.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The firm had revenue of $387.00 million for the quarter, compared to analyst estimates of $377.65 million. During the same period in the prior year, the firm posted $0.40 EPS. The business’s revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post $1.55 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Friday, September 1st were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.84%. Interactive Brokers Group’s dividend payout ratio is currently 38.84%.

TRADEMARK VIOLATION WARNING: This news story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/08/insider-selling-interactive-brokers-group-inc-ibkr-vice-chairman-sells-76475-76-in-stock.html.

A number of research firms recently commented on IBKR. SunTrust Banks, Inc. reiterated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Thursday, July 6th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Tuesday, September 19th. BidaskClub upgraded Interactive Brokers Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Rosenblatt Securities began coverage on Interactive Brokers Group in a research report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a research report on Friday, June 30th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.33.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. raised its stake in shares of Interactive Brokers Group by 75,132.1% during the 1st quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock valued at $230,176,000 after buying an additional 6,620,639 shares during the last quarter. Cantillon Capital Management LLC purchased a new position in shares of Interactive Brokers Group during the 2nd quarter valued at about $72,067,000. OppenheimerFunds Inc. raised its stake in shares of Interactive Brokers Group by 3,912.4% during the 1st quarter. OppenheimerFunds Inc. now owns 888,917 shares of the financial services provider’s stock valued at $30,863,000 after buying an additional 866,763 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Interactive Brokers Group by 68.6% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,974,810 shares of the financial services provider’s stock valued at $73,898,000 after buying an additional 803,838 shares during the last quarter. Finally, Bares Capital Management Inc. raised its stake in shares of Interactive Brokers Group by 24.4% during the 1st quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock valued at $139,387,000 after buying an additional 788,086 shares during the last quarter. 15.01% of the stock is owned by institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

Insider Buying and Selling by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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