VMS Asset Management Limited Sells 12,335 Shares of Interactive Brokers Group, Inc. $IBKR

VMS Asset Management Limited lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 16.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,040 shares of the financial services provider’s stock after selling 12,335 shares during the quarter. Interactive Brokers Group makes up about 2.1% of VMS Asset Management Limited’s portfolio, making the stock its 24th biggest position. VMS Asset Management Limited’s holdings in Interactive Brokers Group were worth $5,385,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Bamco Inc. NY raised its position in Interactive Brokers Group by 0.7% during the 4th quarter. Bamco Inc. NY now owns 4,643,376 shares of the financial services provider’s stock valued at $298,616,000 after purchasing an additional 33,608 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Interactive Brokers Group by 156.0% in the 1st quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock worth $263,097,000 after buying an additional 2,390,247 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Interactive Brokers Group in the 2nd quarter worth $210,639,000. Amundi grew its position in shares of Interactive Brokers Group by 62.4% during the 1st quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock worth $163,197,000 after buying an additional 934,843 shares in the last quarter. Finally, Progeny 3 Inc. grew its position in shares of Interactive Brokers Group by 3.1% during the 1st quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock worth $147,262,000 after buying an additional 65,880 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on IBKR shares. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 24th. Evercore started coverage on shares of Interactive Brokers Group in a research note on Monday. They issued an “outperform” rating and a $100.00 price objective for the company. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Interactive Brokers Group in a report on Monday. They set a “buy” rating and a $102.00 target price on the stock. Rothschild & Co Redburn raised their target price on shares of Interactive Brokers Group from $94.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, September 21st. Finally, China Renaissance assumed coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating and a $99.90 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given 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 target price of $103.18.

Key Stories Impacting Interactive Brokers Group

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: Analysts expect IBKR’s third-quarter results to benefit from robust customer trading, higher net interest income and continued client growth. However, rising operating expenses could limit earnings leverage. Increased Trading Activity, Higher NII Likely to Aid IBKR Q3 Earnings
• Positive Sentiment: The upcoming earnings report could exceed expectations if unusually active summer-market trading was not fully reflected in forecasts, providing a possible near-term upside catalyst. Interactive Brokers Group’s Next Earnings Report Tomorrow Could Send the Stock Soaring
• Positive Sentiment: IBKR launched cryptocurrency staking for eligible clients, expanding its digital-asset offering. The service, along with AI-enabled tools and global reach, could improve customer engagement and create additional revenue opportunities. Interactive Brokers Group Launches Cryptocurrency Staking
• Positive Sentiment: Evercore initiated coverage with an “outperform” rating and a $100 price target, implying meaningful upside from the referenced share price. IBKR was also included among fintech stocks positioned to benefit from digital payments, AI and expanding financial services. Evercore Initiates Coverage on Interactive Brokers Group
• Negative Sentiment: Investors may remain cautious because operating costs are increasing and the stock’s valuation leaves less room for disappointment. The recent pullback likely reflects elevated expectations ahead of earnings, despite broadly bullish analyst commentary.

Interactive Brokers Group Stock Down 3.8%

Shares of Interactive Brokers Group stock opened at $84.14 on Thursday. The company has a 50 day moving average price of $90.43 and a 200 day moving average price of $87.00. The firm has a market capitalization of $143.16 billion, a P/E ratio of 33.66, a PEG ratio of 1.55 and a beta of 1.37. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the company earned $0.51 earnings per share. The company’s revenue was up 28.1% on a year-over-year basis. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Tuesday, September 1st were given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date was Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.