Interactive Brokers Group, Inc. $IBKR Position Reduced by Xponance Inc.

Xponance Inc. trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,262 shares of the financial services provider’s stock after selling 14,184 shares during the period. Xponance Inc.’s holdings in Interactive Brokers Group were worth $4,215,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 303.9% in the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after buying an additional 31,458,885 shares during the period. State Street Corp raised its position in Interactive Brokers Group by 301.3% in the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after acquiring an additional 11,360,260 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after acquiring an additional 8,159,175 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Interactive Brokers Group by 227.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after purchasing an additional 7,051,682 shares during the last quarter. Finally, Orbis Allan Gray Ltd grew its stake in shares of Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after purchasing an additional 6,246,715 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 4.5%

IBKR opened at $71.19 on Monday. The firm has a market capitalization of $120.75 billion, a P/E ratio of 32.14, a PEG ratio of 1.99 and a beta of 1.23. The stock has a fifty day moving average of $72.11 and a 200-day moving average of $68.00. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18.

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

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold 400,000 shares of company stock valued at $30,725,122 over the last ninety days. 2.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of several recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $76.39.

Interactive Brokers Group Company 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.