Thomas Aj Frank Sells 26,348 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) insider Thomas Aj Frank sold 26,348 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $91.82, for a total transaction of $2,419,273.36. Following the sale, the insider now owns 948,111 shares in the company, valued at $87,055,552.02. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Thomas Aj Frank also recently made the following trade(s):

• On Monday, September 18th, Thomas Aj Frank sold 25,987 shares of Interactive Brokers Group stock. The stock was sold at an average price of $90.64, for a total transaction of $2,355,461.68.
• On Wednesday, September 13th, Thomas Aj Frank sold 21,246 shares of Interactive Brokers Group stock. The stock was sold at an average price of $92.47, for a total transaction of $1,964,617.62.
• On Monday, September 11th, Thomas Aj Frank sold 20,593 shares of Interactive Brokers Group stock. The stock was sold at an average price of $94.61, for a total transaction of $1,948,303.73.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded down $1.05 during trading on Tuesday, hitting $89.58. The stock had a trading volume of 1,171,486 shares, compared to its average volume of 1,029,449. Interactive Brokers Group, Inc. has a 12 month low of $62.70 and a 12 month high of $95.59. The company has a market capitalization of $37.71 billion, a PE ratio of 18.32, a PEG ratio of 0.81 and a beta of 0.79. The firm has a fifty day moving average of $89.62 and a two-hundred day moving average of $83.30.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, July 18th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by ($0.08). The firm had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.06 billion. Interactive Brokers Group had a return on equity of 4.41% and a net margin of 8.14%. The business’s revenue was up 52.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.84 EPS. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 5.62 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Friday, September 1st were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, August 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 8.16%.

Analysts Set New Price Targets

Several analysts have recently weighed in on IBKR shares. The Goldman Sachs Group started coverage on shares of Interactive Brokers Group in a research note on Tuesday. They issued a “neutral” rating and a $97.00 price objective for the company. StockNews.com started coverage on shares of Interactive Brokers Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $104.00 to $106.00 in a research note on Monday, June 5th. Finally, Barclays boosted their price target on shares of Interactive Brokers Group from $97.00 to $106.00 in a research note on Thursday, July 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Hedge Funds Weigh In On Interactive Brokers Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Interactive Brokers Group by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock worth $577,435,000 after buying an additional 592,266 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Interactive Brokers Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 8,972,309 shares of the financial services provider’s stock worth $740,754,000 after buying an additional 69,018 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 0.9% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,569,260 shares of the financial services provider’s stock worth $628,778,000 after buying an additional 68,013 shares during the last quarter. Orbis Allan Gray Ltd boosted its holdings in shares of Interactive Brokers Group by 68.7% in the 1st quarter. Orbis Allan Gray Ltd now owns 7,164,239 shares of the financial services provider’s stock worth $591,480,000 after buying an additional 2,918,748 shares during the last quarter. Finally, Cantillon Capital Management LLC lifted its holdings in Interactive Brokers Group by 6.4% during the second quarter. Cantillon Capital Management LLC now owns 3,834,468 shares of the financial services provider’s stock valued at $318,529,000 after purchasing an additional 230,068 shares during the last quarter. 21.56% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.