Interactive Brokers Group, Inc. $IBKR Stock Holdings Decreased by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 15.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,000 shares of the financial services provider’s stock after selling 20,970 shares during the period. Interactive Brokers Group accounts for 2.0% of Pilgrim Partners Asia Pte Ltd’s portfolio, making the stock its 6th largest position. Pilgrim Partners Asia Pte Ltd’s holdings in Interactive Brokers Group were worth $10,080,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new stake in Interactive Brokers Group in the second quarter worth $210,639,000. Bessemer Group Inc. lifted its stake in Interactive Brokers Group by 156.0% in the first quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock valued at $263,097,000 after buying an additional 2,390,247 shares during the last quarter. Amundi lifted its stake in Interactive Brokers Group by 62.4% in the first quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock valued at $163,197,000 after buying an additional 934,843 shares during the last quarter. Vontobel Holding Ltd. lifted its stake in Interactive Brokers Group by 1,240.2% in the third quarter. Vontobel Holding Ltd. now owns 405,261 shares of the financial services provider’s stock valued at $34,617,000 after buying an additional 375,022 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Interactive Brokers Group by 1,393.7% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 262,984 shares of the financial services provider’s stock valued at $17,638,000 after acquiring an additional 245,378 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence Harris sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the completion of the sale, the director directly owned 148,482 shares of the company’s stock, valued at approximately $12,266,098.02. This represents a 14.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on IBKR. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. CICC Research lifted their price objective on shares of Interactive Brokers Group from $90.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Bank of America reissued a “buy” rating and set a $116.00 target price (up from $114.00) on shares of Interactive Brokers Group in a research note on Monday, October 5th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $100.00 target price (down from $105.00) on shares of Interactive Brokers Group in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.87.

Interactive Brokers Group Stock Down 6.0%

Shares of NASDAQ IBKR opened at $76.90 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $98.75. The firm’s 50-day simple moving average is $88.40 and its 200 day simple moving average is $82.88. The stock has a market cap of $130.84 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.26 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, hitting the consensus estimate of $0.67. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 earnings per share. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.15 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. Interactive Brokers Group’s payout ratio is presently 13.46%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.