Interactive Brokers Group, Inc. (NASDAQ:IBKR) has been the object of insider selling activity recently. Paul Jonathan Brody, CFO reported the sale of 11,311 shares of IBKR stock. The shares were sold on October 18th for a price of $49.03. The CFO now owns $1,669,570 of the stock according to the SEC filing. Earl H. Nemser, Vice Chairman disclosed the sale of 1,683 shares of (IBKR). The shares sold for $49.07. Nemser now owns $229,451 of the stock per the Form 4 SEC filing.
CIO Thomas Aj Frank sold 33,700 shares at a price of $49.06 on Wed the 18th. That brings the CIO’s holdings to $16,763,606 as recorded in a recent Form 4 SEC filing.
Interactive Brokers Group, Inc. (IBG, Inc.), launched on November 14, 2006, 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. It operates in two segments: electronic brokerage and market making. In the United States, it conducts its business from Greenwich, Connecticut and Chicago, Illinois. Outside the United States, it conducts business in Canada, England, Switzerland, Liechtenstein, China (Hong Kong and Shanghai), India, Australia and Japan. Its primary assets are its membership interests in IBG LLC (the Group), the holding company for its businesses. It is the sole managing member of IBG LLC. As a direct market access broker, it serves the customers of both traditional brokers and prime brokers. It provides its customers with order management, trade execution and portfolio management platform. As of December 31, 2016, as a market maker, it provided continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world..
These funds have shifted positions in (IBKR). B & T Capital Management Dba Alpha Capital Management added to its holdings by buying 160 shares an increase of 0.6%. B & T Capital Management Dba Alpha Capital Management now controls 27,549 shares worth $1,241,000. The total value of its holdings increased 21.1%. Cutler Group LP augmented its investment by buying 89 shares an increase of 44.5% from 06/30/2017 to 09/30/2017. Cutler Group LP now holds 289 shares valued at $13,000. The value of the position overall is up by inf%.
As of the end of the quarter Cwm, LLC had sold a total of 1,468 shares trimming its holdings by 3.0%. The value in dollars increased from $1,808,000 to $2,110,000 increasing 16.7% quarter to quarter. As of quarter end Louisiana State Employees Retirement System had acquired 1,300 shares growing its position 4.7%. The value of the investment in IBKR went from $1,037,000 to $1,306,000 a change of 25.9% since the last quarter.
Equity analyst Rosenblatt started covering the stock with an initial rating of “Neutral”.
The company is so far trading down by 0.68%% since yesterday’s close of 49.76. The company declared a dividend paid on Thursday the 14th of September 2017. The dividend was $0.100 per share for the quarter or $0.40 on an annualized basis. The dividend yield was $0.84. The ex-dividend date was Wednesday the 30th of August 2017.
Company shares are trading at $49.42 quite a bit above the 50 day moving average which is $44.82 and significantly higher than the 200 day moving average of $39.11. The 50 day moving average was up $4.60 or +10.26% whereas the 200 day moving average was up $10.31 or +26.36%.
The P/E ratio is 42.49 and the market value is 3.51B. In the latest earnings report the EPS was $1.02 and is expected to be $1.63 for the current year with 71,109,000 shares now outstanding. Next quarter’s EPS is expected be $0.40 with next year’s EPS anticipated to be $1.67.
Investors are more bullish on shares of Interactive Brokers Group, Inc. if you put credence in the decrease in short interest. The stock realized a fall in short interest of -8.65% as of the latest report on September 29, 2017. Short interest fell 434,896 over that timeframe. With short interest at 4,590,220 and short average daily volume at 455,306, days to cover is 10.0 and the percentage of shorted shares is 0.07% as of September 29.