Key Points
- Interactive Brokers Vice Chairman Earl Nemser sold 100,000 shares at an average price of $76.81 for $7,681,000, cutting his ownership by 25% to 300,000 shares valued at $23,043,000.
- The company beat expectations for the quarter with $0.65 EPS versus a $0.50 consensus and reported revenue of $1.64 billion (vs. $1.58 billion est.), a 18.5% year‑over‑year increase.
- Interactive Brokers announced a quarterly dividend of $0.08 per share (annualized $0.32, ~0.4% yield), with an ex‑dividend date of Feb 27 and payment on Mar 13.
Interactive Brokers Group, Inc. (NASDAQ:IBKR - Get Free Report) Vice Chairman Earl Nemser sold 100,000 shares of the company's stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of $76.81, for a total value of $7,681,000.00. Following the sale, the insider owned 300,000 shares of the company's stock, valued at $23,043,000. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Interactive Brokers Group Price Performance
NASDAQ IBKR opened at $75.35 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $78.80. The firm has a market capitalization of $127.80 billion, a P/E ratio of 34.02, a P/E/G ratio of 2.17 and a beta of 1.24. The business's 50-day simple moving average is $67.17 and its 200-day simple moving average is $66.18.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group's revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.48%.
Institutional Investors Weigh In On Interactive Brokers Group
A number of hedge funds have recently bought and sold shares of IBKR. Ballentine Partners LLC raised its position in shares of Interactive Brokers Group by 1.0% in the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider's stock valued at $1,059,000 after purchasing an additional 145 shares in the last quarter. Caitlin John LLC increased its stake in shares of Interactive Brokers Group by 0.6% in the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider's stock worth $1,734,000 after buying an additional 153 shares during the last quarter. Thrive Wealth Management LLC increased its stake in shares of Interactive Brokers Group by 1.8% in the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider's stock worth $586,000 after buying an additional 162 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider's stock valued at $533,000 after acquiring an additional 165 shares in the last quarter. Finally, Petra Financial Advisors Inc. boosted its stake in Interactive Brokers Group by 1.7% during the 3rd quarter. Petra Financial Advisors Inc. now owns 10,221 shares of the financial services provider's stock valued at $703,000 after acquiring an additional 167 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on the company. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the company an "overweight" rating in a report on Tuesday, October 14th. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an "outperform" rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an "overweight" rating in a report on Wednesday, January 21st. Finally, Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 26th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $76.39.
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About Interactive Brokers Group
(
Get Free Report)
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.
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