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Milan Galik just Sold 12,501 shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR), be careful if you are long!

Milan Galik Insider Sell The President of Interactive Brokers Group Inc and firm’s insider Milan Galik unloaded 12,501 shares of the -listed Interactive Brokers Group Inc based on the average stock price of $38.4 of a share. The unloaded shares close to $480,657 USD. This is not his first insider trade, in the last month, […]

News Editors : -- 2 October 2015 19:53

Milan Galik Insider Sell

The President of Interactive Brokers Group Inc and firm’s insider Milan Galik unloaded 12,501 shares of the -listed Interactive Brokers Group Inc based on the average stock price of $38.4 of a share. The unloaded shares close to $480,657 USD. This is not his first insider trade, in the last month, he sold another 128,730 shares worth $4,986,150 USD. The date of trade was September 30, 2015, and it was disclosed in a SEC-filed filing, which you can see here. Being a significant transaction, it will probably not go undiscovered. Milan Galik right now has in hand 1.43% of Interactive Brokers Group Inc’s market cap with ownership of 932,259 shares. 

Interactive Brokers Group Inc Sentiment and Fundamentals

Based on the value of the trade, we wonder is it that Mr. Milan has a pessimistic view of the Connecticut-based company’s stock price. The four leading analysts reporting on the stock anticipate $0.90/share earnings for 2015. This will give it price-earnings ratio of roughly 43.73 & growth rate YoY of 17.20%.

We rate Interactive Brokers Group Inc’s stock as sell not only because of the insider transaction by Milan but also in accordance with OctaFinance’s advanced trend following system which is shown below. Over the last 75 days, Interactive Brokers Group Inc’s price per share has declined by 4.53% and shows a smooth and strong down trend.

Institutional Ownership

13F filings from SEC revealed that, 180 institutional investors own shares of Interactive Brokers Group Inc. Octafinance tracked hedge funds have historically had a high interest in Interactive Brokers Group Inc’s stock, and that was also the case in the last quarter. The institutional ownership was 78.01% of the stock’s outstanding shares. Its up 3.07% from Q1 2015. These professional stock holders increased the total shares they own by 1.40 million to 46.97 million this quarter. There were 31 funds that created new positions and 75 funds that added to their positions. A total of 21 funds closed their positions in Interactive Brokers Group Inc and 50 reduced their holdings.

The company is Top 10 in 15 of them. These are: Ancient Art L.P., Quinn Opportunity Partners Llc, Delta Partners Llc, Kylin Management Llc, Abrams Bison Investments Llc, Echinus Advisors Llc, Arlington Value Capital Llc, Boston Provident L.P., Lombard Odier Asset Management (Usa) Corp, Three Corner Global Investors Lp.

Boykin Curry’s Eagle Capital Management Llc had the greatest investment with ownership of 23,200 shares as of Q2 2015 for less than 0.01% of the fund’s portfolio. Reynolds Capital Management Llc is another positive investment manager possessing 7,500 shares of the company or 0.31% of their stocks portfolio. The stock is also 0.14% of the fund’s AUM. In addition The New York-based fund Ruane Cunniff & Goldfarb Inc have 0.20% of their stock portfolio invested in the company’s market cap for 1.00 million shares. Quincy Lee’s Ancient Art L.P. disclosed it had acquired a stake worth 33.43% of the fund’s stock portfolio in Interactive Brokers Group Inc. Quinn Opportunity Partners Llc is also upbeat about the Connecticut-based company, owning 621,464 shares or 12.28% of their stock portfolio.

Interactive Brokers Group NASDAQ:IBKR Company Profile

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 more than 100 electronic exchanges and trading venues around the world. It operates in two segments: electronic brokerage and market making. The Company owns approximately 14.5% in IBG LLC, the holding company for its businesses. The Company is the sole managing member of IBG LLC. As a direct market access broker, the Company serves the customers of both traditional brokers and prime brokers. It provides its customers with order management, trade execution and portfolio management platform. As a market maker, it provides continuous bid and offer quotations on over one million securities and futures products listed on electronic exchanges around the world.

Company Website: Interactive Brokers Group

Interactive Brokers Group Inc was created in Delaware on 2006-11-14. This company has 1020 employees. As of writing its market cap is: $2.49 billion and it has 65.29 million outstanding shares. At the moment the company has 11.85% shareholders and the institutional ownership is 11.85%. The stock closed at $38.139999 yesterday and it had average 2 days volume of 231021 shares. It is down from the 30 days average shares volume of 255516. Interactive Brokers Group Inc has a one year low of $23.01 and a 250 days high of $45.92. The stock price is above the 200 days SMA. Interactive Brokers Group Inc last issued its quarterly earnings stats on 07/21/2015. The company reported 0.37 EPS for the quarter, above the consensus estimate of 0.32 by 0.05. The company had a revenue of 387.00 million for 6/30/2015 and 172.00 million for 3/31/2015. Therefore, the revenue was 215.00 million up.

* The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by IBG Holdings LLC - in which the reporting person has a pecuniary interest through his membership interest in IBG Holdings LLC that went into effect July 24 - 2015.

* Represents number of securities owned by IBG Holdings LLC in which the Reporting Person has a pecuniary interest through his membership interest in IBG Holdings LLC.

* These shares of Class A Common Stock are owned directly by the reporting person and represent the aggregate number of shares of restricted stock from awards granted under the 2007 Stock Incentive Plan since its inception - less vested shares that were withheld for tax purposes - or sold previously.

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