Representative Morgan McGarvey (D-Kentucky) recently sold shares of Interactive Brokers Group, Inc. NASDAQ: IBKR. In a filing disclosed on December 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Interactive Brokers Group stock on November 13th. The trade occurred in the Representative's "CHRIS IRA" account.
Representative Morgan McGarvey also recently made the following trade(s):
- Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/13/2024.
- Sold $1,001 - $15,000 in shares of Shell NYSE: SHEL on 11/13/2024.
- Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/13/2024.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 11/13/2024.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 11/13/2024.
- Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 11/13/2024.
- Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 11/13/2024.
- Sold $1,001 - $15,000 in shares of Trump Media & Technology Group NASDAQ: DJT on 11/8/2024.
- Purchased $1,001 - $15,000 in shares of Trump Media & Technology Group NASDAQ: DJT on 11/6/2024.
- Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 10/25/2024.
Interactive Brokers Group Price Performance
Interactive Brokers Group stock traded down $0.47 during trading hours on Thursday, hitting $180.31. The stock had a trading volume of 719,647 shares, compared to its average volume of 1,021,304. Interactive Brokers Group, Inc. has a 1-year low of $78.93 and a 1-year high of $193.42. The stock has a market capitalization of $76.19 billion, a price-to-earnings ratio of 27.53, a PEG ratio of 1.46 and a beta of 0.85. The stock's fifty day moving average is $168.15 and its two-hundred day moving average is $139.58.
Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.
Interactive Brokers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group's payout ratio is currently 15.27%.
Institutional Trading of Interactive Brokers Group
Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp increased its position in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Greenwich Wealth Management LLC boosted its position in Interactive Brokers Group by 0.3% during the 2nd quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider's stock worth $365,271,000 after acquiring an additional 8,038 shares during the period. Marshall Wace LLP grew its stake in Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider's stock valued at $307,365,000 after acquiring an additional 481,826 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after purchasing an additional 106,392 shares during the period. Finally, FMR LLC increased its holdings in shares of Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after purchasing an additional 119,187 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
IBKR has been the subject of a number of recent research reports. UBS Group raised their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Barclays upped their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a research report on Monday. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler restated an "overweight" rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday, October 16th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $166.13.
Read Our Latest Report on IBKR
About Representative McGarvey
Morgan McGarvey (Democratic Party) is a member of the U.S. House, representing Kentucky's 3rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. McGarvey (Democratic Party) is running for re-election to the U.S. House to represent Kentucky's 3rd Congressional District. He declared candidacy for the Democratic primary scheduled on May 21, 2024. McGarvey served as state Senate minority leader from 2019 to 2023. Morgan McGarvey was born in Louisville, Kentucky. McGarvey earned a bachelor's degree in journalism from the University of Missouri and a law degree from the University of Kentucky. His career experience includes working as an attorney with Morgan & Pottinger PSC. McGarvey has been affiliated with the Young Professionals Association of Louisville and the New Leaders Council.
Interactive Brokers Group Company Profile
(
Get Free Report)
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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