Insider Selling: Interactive Brokers Group, Inc. (NASDAQ:IBKR) Insider Sells 33,105 Shares of Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) insider Thomas Aj Frank sold 33,105 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $47.10, for a total value of $1,559,245.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Wednesday, October 11th, Thomas Aj Frank sold 16,109 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.65, for a total value of $767,593.85.
  • On Thursday, October 12th, Thomas Aj Frank sold 32,772 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.75, for a total value of $1,564,863.00.
  • On Monday, October 9th, Thomas Aj Frank sold 16,127 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.63, for a total value of $768,129.01.
  • On Tuesday, October 10th, Thomas Aj Frank sold 32,977 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.43, for a total value of $1,564,099.11.
  • On Friday, October 6th, Thomas Aj Frank sold 33,266 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.53, for a total value of $1,581,132.98.
  • On Monday, October 2nd, Thomas Aj Frank sold 32,951 shares of Interactive Brokers Group stock. The stock was sold at an average price of $45.23, for a total value of $1,490,373.73.
  • On Wednesday, September 27th, Thomas Aj Frank sold 16,340 shares of Interactive Brokers Group stock. The stock was sold at an average price of $44.25, for a total value of $723,045.00.
  • On Thursday, September 28th, Thomas Aj Frank sold 32,909 shares of Interactive Brokers Group stock. The stock was sold at an average price of $44.52, for a total value of $1,465,108.68.
  • On Monday, September 25th, Thomas Aj Frank sold 15,488 shares of Interactive Brokers Group stock. The stock was sold at an average price of $44.09, for a total value of $682,865.92.
  • On Tuesday, September 26th, Thomas Aj Frank sold 31,453 shares of Interactive Brokers Group stock. The stock was sold at an average price of $43.91, for a total value of $1,381,101.23.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at 47.72 on Tuesday. The firm’s 50 day moving average price is $44.11 and its 200-day moving average price is $38.77. Interactive Brokers Group, Inc. has a 52 week low of $31.97 and a 52 week high of $48.15. The firm has a market cap of $3.41 billion, a PE ratio of 46.60 and a beta of 0.95.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 18th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.05). The business had revenue of $387.00 million during the quarter, compared to the consensus estimate of $377.65 million. Interactive Brokers Group had a return on equity of 1.19% and a net margin of 4.97%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post $1.56 EPS for the current year.

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A number of research analysts recently weighed in on IBKR shares. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $40.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 4th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Monday, July 10th. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $38.00 target price on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities started coverage on Interactive Brokers Group in a report on Thursday, July 13th. They issued a “neutral” rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Interactive Brokers Group currently has an average rating of “Hold” and an average price target of $40.33.

A number of large investors have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan boosted its holdings in Interactive Brokers Group by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 15,530 shares of the financial services provider’s stock worth $539,000 after purchasing an additional 190 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Interactive Brokers Group by 0.6% in the second quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock worth $1,291,000 after purchasing an additional 196 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Interactive Brokers Group by 0.7% in the second quarter. Gamco Investors INC. ET AL now owns 29,100 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 200 shares in the last quarter. Prudential Financial Inc. boosted its holdings in Interactive Brokers Group by 0.3% in the first quarter. Prudential Financial Inc. now owns 113,689 shares of the financial services provider’s stock worth $3,947,000 after purchasing an additional 390 shares in the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Interactive Brokers Group by 0.8% in the second quarter. Texas Permanent School Fund now owns 49,638 shares of the financial services provider’s stock worth $1,857,000 after purchasing an additional 416 shares in the last quarter. Hedge funds and other institutional investors own 15.01% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

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

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