Interactive Brokers Group, Inc. $IBKR Shares Sold by Bayforest Capital Ltd

Bayforest Capital Ltd cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 80.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 767 shares of the financial services provider’s stock after selling 3,106 shares during the quarter. Bayforest Capital Ltd’s holdings in Interactive Brokers Group were worth $42,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after purchasing an additional 280,004 shares during the period. American Century Companies Inc. lifted its holdings in shares of Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after purchasing an additional 1,343,007 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Interactive Brokers Group by 13.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider’s stock worth $203,710,000 after purchasing an additional 145,870 shares during the period. Invesco Ltd. lifted its holdings in shares of Interactive Brokers Group by 45.6% during the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock worth $184,668,000 after purchasing an additional 349,255 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Interactive Brokers Group by 8.7% during the first quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider’s stock worth $157,770,000 after purchasing an additional 76,283 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday. Finally, BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $71.34.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 116,861 shares of Interactive Brokers Group stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer owned 158,954 shares of the company’s stock, valued at $10,289,092.42. The trade was a 42.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the sale, the insider owned 461,500 shares of the company’s stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,205,683 shares of company stock valued at $77,217,965 in the last ninety days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 3.3%

NASDAQ:IBKR opened at $66.23 on Friday. The company has a market capitalization of $112.34 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The stock has a fifty day simple moving average of $65.30 and a 200-day simple moving average of $56.47.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.66 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a return on equity of 5.17% and a net margin of 10.12%.The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 EPS. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s payout ratio is 15.38%.

Interactive Brokers Group Profile

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.