Intech Investment Management LLC Reduces Stock Position in Interactive Brokers Group, Inc. $IBKR

Intech Investment Management LLC cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 45.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 17,566 shares of the financial services provider’s stock after selling 14,392 shares during the quarter. Intech Investment Management LLC’s holdings in Interactive Brokers Group were worth $1,130,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in IBKR. Ashton Thomas Private Wealth LLC grew its position in shares of Interactive Brokers Group by 1.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares during the last quarter. Caitlin John LLC grew its position in shares of Interactive Brokers Group by 0.6% in the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 153 shares during the last quarter. S&CO Inc. grew its position in shares of Interactive Brokers Group by 0.3% in the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares during the last quarter. Thrive Wealth Management LLC grew its position in shares of Interactive Brokers Group by 1.8% in the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 162 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 165 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 3.1%

IBKR stock opened at $84.40 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $49.15 and a 52-week high of $91.02. The stock’s fifty day simple moving average is $79.02 and its 200-day simple moving average is $72.58. The stock has a market capitalization of $143.17 billion, a price-to-earnings ratio of 36.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the firm earned $1.94 earnings per share. The business’s revenue was up 17.0% on a year-over-year basis. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Jefferies Financial Group lowered their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday, May 1st. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays increased their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler increased their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is owned by company insiders.

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.