Interactive Brokers Group, Inc. (IBKR) Insider Sells $1,599,065.55 in Stock

Interactive Brokers Group, Inc. (NASDAQ:IBKR) insider Thomas Aj Frank sold 33,615 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $47.57, for a total transaction of $1,599,065.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, October 26th, Thomas Aj Frank sold 29,764 shares of Interactive Brokers Group stock. The shares were sold at an average price of $51.52, for a total transaction of $1,533,441.28.
  • On Tuesday, October 24th, Thomas Aj Frank sold 32,670 shares of Interactive Brokers Group stock. The shares were sold at an average price of $50.59, for a total transaction of $1,652,775.30.
  • On Friday, October 20th, Thomas Aj Frank sold 33,700 shares of Interactive Brokers Group stock. The shares were sold at an average price of $49.38, for a total transaction of $1,664,106.00.
  • On Wednesday, October 18th, Thomas Aj Frank sold 33,700 shares of Interactive Brokers Group stock. The shares were sold at an average price of $48.63, for a total transaction of $1,638,831.00.
  • On Wednesday, October 11th, Thomas Aj Frank sold 16,109 shares of Interactive Brokers Group stock. The shares were sold at an average price of $47.65, for a total transaction of $767,593.85.
  • On Thursday, October 12th, Thomas Aj Frank sold 32,772 shares of Interactive Brokers Group stock. The shares were sold at an average price of $47.75, for a total transaction of $1,564,863.00.
  • On Monday, October 9th, Thomas Aj Frank sold 16,127 shares of Interactive Brokers Group stock. The shares were sold at an average price of $47.63, for a total transaction of $768,129.01.
  • On Tuesday, October 10th, Thomas Aj Frank sold 32,977 shares of Interactive Brokers Group stock. The shares were sold at an average price of $47.43, for a total transaction 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 transaction of $1,581,132.98.
  • On Wednesday, October 4th, Thomas Aj Frank sold 33,105 shares of Interactive Brokers Group stock. The stock was sold at an average price of $47.10, for a total transaction of $1,559,245.50.

Interactive Brokers Group, Inc. (IBKR) traded up 2.04% on Friday, hitting $53.59. 743,057 shares of the stock traded hands. The stock has a 50-day moving average of $45.69 and a 200-day moving average of $39.61. Interactive Brokers Group, Inc. has a 12-month low of $31.97 and a 12-month high of $53.71. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 46.08 and a beta of 0.96.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 17th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.05. Interactive Brokers Group had a net margin of 5.29% and a return on equity of 1.35%. The business had revenue of $426.00 million for the quarter, compared to analyst estimates of $382.85 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Analysts forecast that Interactive Brokers Group, Inc. will post $1.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Friday, December 1st will be issued 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 30th. Interactive Brokers Group’s payout ratio is 34.48%.

TRADEMARK VIOLATION WARNING: “Interactive Brokers Group, Inc. (IBKR) Insider Sells $1,599,065.55 in Stock” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another site, it was illegally copied and reposted in violation of United States & international copyright laws. The original version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/28/thomas-aj-frank-sells-33615-shares-of-interactive-brokers-group-inc-ibkr-stock.html.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Interactive Brokers Group by 75,132.1% in the 1st quarter. BlackRock Inc. now owns 6,629,451 shares of the financial services provider’s stock worth $230,176,000 after purchasing an additional 6,620,639 shares during the last quarter. Baillie Gifford & Co. grew its holdings in shares of Interactive Brokers Group by 3.8% in the 2nd quarter. Baillie Gifford & Co. now owns 5,941,025 shares of the financial services provider’s stock worth $222,313,000 after purchasing an additional 215,591 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Interactive Brokers Group by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,882,768 shares of the financial services provider’s stock worth $220,132,000 after purchasing an additional 60,630 shares during the last quarter. Bares Capital Management Inc. grew its holdings in shares of Interactive Brokers Group by 24.4% in the 1st quarter. Bares Capital Management Inc. now owns 4,014,605 shares of the financial services provider’s stock worth $139,387,000 after purchasing an additional 788,086 shares during the last quarter. Finally, TPG Group Holdings SBS Advisors Inc. grew its holdings in shares of Interactive Brokers Group by 7.4% in the 2nd quarter. TPG Group Holdings SBS Advisors Inc. now owns 2,344,251 shares of the financial services provider’s stock worth $87,722,000 after purchasing an additional 162,435 shares during the last quarter. 15.01% of the stock is currently owned by institutional investors and hedge funds.

IBKR has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating and set a $42.00 price objective for the company in a report on Monday, July 10th. BidaskClub raised shares of Interactive Brokers Group from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. SunTrust Banks, Inc. reissued a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a report on Thursday, July 6th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $38.00 price objective on shares of Interactive Brokers Group in a report on Friday, June 30th. Finally, Rosenblatt Securities initiated coverage on shares of Interactive Brokers Group in a report on Thursday, July 13th. They set a “neutral” rating and a $40.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Interactive Brokers Group presently has a consensus rating of “Hold” and a consensus price target of $41.67.

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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