Interactive Brokers Group, Inc. (IEX:IBKR) insider Thomas Aj Frank sold 564 shares of the business’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $62.00, for a total value of $34,968.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of IEX:IBKR opened at $53.06 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $47.13 and a 1 year high of $80.32.
Interactive Brokers Group (IEX:IBKR) last announced its quarterly earnings results on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.01. The business had revenue of $439.00 million for the quarter, compared to the consensus estimate of $453.00 million.
A number of hedge funds have recently bought and sold shares of IBKR. Tower Research Capital LLC TRC lifted its holdings in Interactive Brokers Group by 1,109.3% in the third quarter. Tower Research Capital LLC TRC now owns 4,148 shares of the financial services provider’s stock valued at $229,000 after acquiring an additional 3,805 shares during the period. Mckinley Capital Management LLC Delaware lifted its holdings in Interactive Brokers Group by 43.8% in the third quarter. Mckinley Capital Management LLC Delaware now owns 4,276 shares of the financial services provider’s stock valued at $237,000 after acquiring an additional 1,303 shares during the period. Piedmont Investment Advisors Inc. lifted its holdings in Interactive Brokers Group by 243,200.0% in the third quarter. Piedmont Investment Advisors Inc. now owns 4,866 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 4,864 shares during the period. Hartford Investment Management Co. bought a new position in Interactive Brokers Group in the third quarter valued at about $306,000. Finally, Rehmann Capital Advisory Group lifted its holdings in Interactive Brokers Group by 5,430.7% in the third quarter. Rehmann Capital Advisory Group now owns 17,643 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 17,324 shares during the period. 14.79% of the stock is currently owned by institutional investors.
IBKR has been the topic of a number of research analyst reports. ValuEngine downgraded Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Zacks Investment Research raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, Goldman Sachs Group initiated coverage on Interactive Brokers Group in a report on Friday, November 30th. They set a “neutral” rating and a $58.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. Interactive Brokers Group presently has an average rating of “Hold” and an average target price of $69.00.
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About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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