Insider Selling: Interactive Brokers Group, Inc. (IBKR) Insider Sells 564 Shares of Stock

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Interactive Brokers Group, Inc. (IEX:IBKR) insider Thomas Aj Frank sold 564 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $62.00, for a total value of $34,968.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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 posted its quarterly earnings data on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.01. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $453.00 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.75%. The ex-dividend date is Thursday, November 29th.

Several equities analysts have weighed in on IBKR shares. Goldman Sachs Group started coverage on Interactive Brokers Group in a report on Friday, November 30th. They set a “neutral” rating and a $58.00 price target for the company. Zacks Investment Research upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th. Finally, ValuEngine cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Interactive Brokers Group presently has a consensus rating of “Hold” and a consensus price target of $69.00.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Interactive Brokers Group by 5.1% in the 3rd quarter. BlackRock Inc. now owns 6,524,616 shares of the financial services provider’s stock valued at $360,876,000 after purchasing an additional 315,546 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Interactive Brokers Group by 1.2% in the 3rd quarter. Baillie Gifford & Co. now owns 6,364,938 shares of the financial services provider’s stock valued at $352,044,000 after purchasing an additional 76,142 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Interactive Brokers Group by 4.3% in the 3rd quarter. Vanguard Group Inc. now owns 4,062,422 shares of the financial services provider’s stock valued at $224,693,000 after purchasing an additional 168,611 shares during the last quarter. Cantillon Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 5.7% in the 3rd quarter. Cantillon Capital Management LLC now owns 2,615,325 shares of the financial services provider’s stock valued at $144,653,000 after purchasing an additional 141,788 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of Interactive Brokers Group by 30.6% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,318,110 shares of the financial services provider’s stock valued at $72,905,000 after purchasing an additional 308,908 shares during the last quarter. 14.79% of the stock is owned by institutional investors and hedge funds.

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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.

Further Reading: Balance Sheet

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

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