Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Whittier Trust Co. of Nevada Inc.
Whittier Trust Co. of Nevada Inc. reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 27.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 326 shares of the financial services provider’s stock after selling 125 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Interactive Brokers Group were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Darwin Wealth Management LLC purchased a new stake in Interactive Brokers Group in the 3rd quarter valued at about $1,775,000. Teachers Retirement System of The State of Kentucky increased its holdings in Interactive Brokers Group by 93.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock valued at $3,044,000 after purchasing an additional 16,996 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Interactive Brokers Group by 6.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 70,458 shares of the financial services provider’s stock valued at $6,099,000 after purchasing an additional 3,986 shares during the period. Invesco Ltd. lifted its stake in Interactive Brokers Group by 234.6% during the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after purchasing an additional 397,729 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Interactive Brokers Group by 3.3% during the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock worth $828,105,000 after purchasing an additional 308,236 shares in the last quarter. 21.56% of the stock is currently owned by institutional investors and hedge funds.
Interactive Brokers Group Stock Down 1.3 %
IBKR stock opened at $108.47 on Monday. The company has a market capitalization of $45.67 billion, a PE ratio of 19.16, a P/E/G ratio of 1.00 and a beta of 0.83. The stock’s 50 day moving average is $100.82 and its two-hundred day moving average is $89.90. Interactive Brokers Group, Inc. has a 52-week low of $70.83 and a 52-week high of $112.50.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $1.30 EPS. Interactive Brokers Group’s revenue for the quarter was up 16.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.07 EPS for the current year.
Interactive Brokers Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were given a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. Interactive Brokers Group’s payout ratio is 7.07%.
Insider Activity
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, insider Thomas Aj Frank sold 50,300 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the completion of the transaction, the insider now owns 445,352 shares in the company, valued at approximately $40,317,716.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the completion of the sale, the insider now directly owns 234,552 shares in the company, valued at $22,585,012.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 520,027 shares of company stock worth $48,369,714. 3.21% of the stock is currently owned by insiders.
Analysts Set New Price Targets
IBKR has been the topic of several research reports. UBS Group decreased their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. Finally, Redburn Atlantic initiated coverage on Interactive Brokers Group in a research report on Friday, December 1st. They issued a “buy” rating and a $100.00 price target on the stock. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.38.
View Our Latest Stock Analysis on Interactive Brokers Group
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.
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