Hudson Way Capital Management LLC Sells 116,255 Shares of Interactive Brokers Group, Inc. $IBKR

Hudson Way Capital Management LLC lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 17.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 567,819 shares of the financial services provider’s stock after selling 116,255 shares during the period. Interactive Brokers Group accounts for 3.3% of Hudson Way Capital Management LLC’s holdings, making the stock its 14th biggest position. Hudson Way Capital Management LLC’s holdings in Interactive Brokers Group were worth $39,072,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. National Pension Service raised its position in shares of Interactive Brokers Group by 2.2% during the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after purchasing an additional 15,339 shares during the period. Jones Financial Companies Lllp boosted its holdings in Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after buying an additional 7,234 shares during the period. State of Michigan Retirement System increased its stake in Interactive Brokers Group by 15.0% in the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after buying an additional 15,684 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Interactive Brokers Group by 1,221.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock valued at $5,073,000 after acquiring an additional 68,148 shares during the period. Finally, Convergence Investment Partners LLC bought a new stake in Interactive Brokers Group during the third quarter valued at about $2,468,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 400,000 shares of company stock valued at $30,725,122. Insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. 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 downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Finally, BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.39.

Interactive Brokers Group Stock Down 1.1%

IBKR opened at $66.19 on Monday. The company has a market capitalization of $112.27 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The firm has a 50-day simple moving average of $72.65 and a two-hundred day simple moving average of $68.38. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $79.18.

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

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

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.