Thomas Aj Frank Sells 564 Shares of Interactive Brokers Group, Inc. (IBKR) Stock

Interactive Brokers Group, Inc. (IEX:IBKR) insider Thomas Aj Frank sold 564 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which is available through this hyperlink.

Shares of IBKR stock opened at $56.04 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $47.13 and a 12-month high of $80.32.

Interactive Brokers Group (IEX:IBKR) last issued its earnings results on Tuesday, October 16th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $453.00 million.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.71%.

A number of equities research analysts have commented on IBKR shares. Zacks Investment Research cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. ValuEngine cut Interactive Brokers Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. Finally, 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 on the stock. 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 stock. The company currently has an average rating of “Hold” and an average target price of $69.00.

Several hedge funds have recently modified their holdings of IBKR. First Trust Advisors LP increased its holdings in shares of Interactive Brokers Group by 223.1% in the third quarter. First Trust Advisors LP now owns 227,094 shares of the financial services provider’s stock worth $12,561,000 after purchasing an additional 156,817 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in shares of Interactive Brokers Group by 53.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 298,127 shares of the financial services provider’s stock worth $18,257,000 after purchasing an additional 104,114 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Interactive Brokers Group by 4.5% in the third quarter. Russell Investments Group Ltd. now owns 439,325 shares of the financial services provider’s stock worth $24,316,000 after purchasing an additional 19,035 shares during the last quarter. State Treasurer State of Michigan increased its holdings in shares of Interactive Brokers Group by 5.7% in the third quarter. State Treasurer State of Michigan now owns 27,800 shares of the financial services provider’s stock worth $1,538,000 after purchasing an additional 1,500 shares during the last quarter. Finally, CWM LLC grew its position in Interactive Brokers Group by 42.4% in the third quarter. CWM LLC now owns 44,220 shares of the financial services provider’s stock worth $2,446,000 after acquiring an additional 13,156 shares in the last quarter. 14.79% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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