Interactive Brokers Group, Inc. (NASDAQ:IBKR) Insider Thomas Aj Frank Sells 16,291 Shares

Interactive Brokers Group, Inc. (NASDAQ:IBKR) insider Thomas Aj Frank sold 16,291 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, November 22nd. The stock was sold at an average price of $76.24, for a total transaction of $1,242,025.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Friday, November 19th, Thomas Aj Frank sold 16,842 shares of Interactive Brokers Group stock. The stock was sold at an average price of $74.74, for a total transaction of $1,258,771.08.
  • On Wednesday, November 17th, Thomas Aj Frank sold 16,842 shares of Interactive Brokers Group stock. The stock was sold at an average price of $73.86, for a total transaction of $1,243,950.12.
  • On Monday, November 15th, Thomas Aj Frank sold 16,291 shares of Interactive Brokers Group stock. The shares were sold at an average price of $74.34, for a total transaction of $1,211,072.94.
  • On Friday, November 12th, Thomas Aj Frank sold 16,842 shares of Interactive Brokers Group stock. The shares were sold at an average price of $72.89, for a total transaction of $1,227,613.38.
  • On Monday, November 8th, Thomas Aj Frank sold 16,842 shares of Interactive Brokers Group stock. The shares were sold at an average price of $73.61, for a total transaction of $1,239,739.62.
  • On Friday, November 5th, Thomas Aj Frank sold 16,369 shares of Interactive Brokers Group stock. The shares were sold at an average price of $74.62, for a total transaction of $1,221,454.78.
  • On Wednesday, November 3rd, Thomas Aj Frank sold 16,842 shares of Interactive Brokers Group stock. The shares were sold at an average price of $75.64, for a total transaction of $1,273,928.88.
  • On Monday, November 1st, Thomas Aj Frank sold 18,573 shares of Interactive Brokers Group stock. The shares were sold at an average price of $72.83, for a total transaction of $1,352,671.59.
  • On Friday, October 29th, Thomas Aj Frank sold 18,573 shares of Interactive Brokers Group stock. The shares were sold at an average price of $70.61, for a total transaction of $1,311,439.53.
  • On Wednesday, October 27th, Thomas Aj Frank sold 18,573 shares of Interactive Brokers Group stock. The shares were sold at an average price of $71.86, for a total transaction of $1,334,655.78.

Interactive Brokers Group stock opened at $77.38 on Thursday. The firm has a market cap of $32.35 billion, a price-to-earnings ratio of 22.76 and a beta of 0.69. Interactive Brokers Group, Inc. has a fifty-two week low of $52.06 and a fifty-two week high of $80.57. The firm has a fifty day moving average price of $70.37 and a two-hundred day moving average price of $66.57.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Monday, October 18th. The financial services provider reported $0.78 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.02. The business had revenue of $464.00 million during the quarter, compared to analyst estimates of $639.15 million. Interactive Brokers Group had a net margin of 10.95% and a return on equity of 3.13%. The firm’s revenue for the quarter was down 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Analysts forecast that Interactive Brokers Group, Inc. will post 3.3 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 14th. Stockholders of record on Wednesday, December 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, November 30th. Interactive Brokers Group’s dividend payout ratio is currently 11.76%.

Separately, Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $81.00 target price for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $84.00.

Several institutional investors and hedge funds have recently made changes to their positions in IBKR. Penserra Capital Management LLC acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $29,000. Rosenberg Matthew Hamilton acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $30,000. Ameritas Investment Company LLC acquired a new position in shares of Interactive Brokers Group during the first quarter valued at about $33,000. Benjamin F. Edwards & Company Inc. acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $42,000. Finally, Koshinski Asset Management Inc. acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $50,000. 19.08% of the stock is owned by institutional investors and hedge funds.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serve the customers of both traditional brokers and prime brokers.

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