Thrivent Financial for Lutherans Lowers Stock Position in Interactive Brokers Group, Inc. $IBKR

Thrivent Financial for Lutherans lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 83.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,154 shares of the financial services provider’s stock after selling 85,465 shares during the period. Thrivent Financial for Lutherans’ holdings in Interactive Brokers Group were worth $1,180,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Ballentine Partners LLC lifted its position in Interactive Brokers Group by 1.0% during the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 145 shares during the period. Huntington National Bank grew its holdings in Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the period. Pullen Investment Management LLC increased its stake in shares of Interactive Brokers Group by 1.0% during the third quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock valued at $1,359,000 after purchasing an additional 200 shares in the last quarter. World Investment Advisors lifted its holdings in shares of Interactive Brokers Group by 3.0% during the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 202 shares during the last quarter. Finally, PUREfi Wealth LLC boosted its position in shares of Interactive Brokers Group by 4.7% in the 3rd quarter. PUREfi Wealth LLC now owns 4,554 shares of the financial services provider’s stock worth $313,000 after purchasing an additional 206 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 400,000 shares of company stock valued at $30,725,122. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $74.75 on Friday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The business’s fifty day moving average is $70.31 and its 200 day moving average is $67.40. The stock has a market capitalization of $126.79 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 2.09 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IBKR shares. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets upped their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. CICC Research assumed coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $76.39.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.