Walleye Capital LLC reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 36.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,660 shares of the financial services provider's stock after selling 6,098 shares during the period. Walleye Capital LLC's holdings in Interactive Brokers Group were worth $703,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the business. Marshall Wace LLP boosted its stake in shares of Interactive Brokers Group by 151.4% in the fourth quarter. Marshall Wace LLP now owns 4,359,441 shares of the financial services provider's stock worth $346,228,000 after acquiring an additional 2,625,600 shares during the last quarter. Samlyn Capital LLC boosted its stake in shares of Interactive Brokers Group by 745.8% in the fourth quarter. Samlyn Capital LLC now owns 1,768,263 shares of the financial services provider's stock worth $140,436,000 after acquiring an additional 1,559,196 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Interactive Brokers Group by 5.8% in the first quarter. Vanguard Group Inc. now owns 8,307,988 shares of the financial services provider's stock worth $547,580,000 after acquiring an additional 452,809 shares during the last quarter. ANTIPODES PARTNERS Ltd boosted its stake in shares of Interactive Brokers Group by 68.1% in the first quarter. ANTIPODES PARTNERS Ltd now owns 1,076,678 shares of the financial services provider's stock worth $70,963,000 after acquiring an additional 436,257 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth approximately $32,745,000. 97.04% of the stock is owned by institutional investors and hedge funds.
Get Interactive Brokers Group alerts:Insider Activity
In other news, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group stock in a transaction on Monday, June 27th. The stock was sold at an average price of $58.10, for a total value of $1,162,000.00. Following the completion of the sale, the chairman now directly owns 2,047,511 shares of the company's stock, valued at $118,960,389.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 300,000 shares of company stock valued at $16,860,400. 5.72% of the stock is currently owned by corporate insiders.
Interactive Brokers Group Stock Down 2.1 %
NASDAQ:IBKR opened at $67.39 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $52.18 and a 52 week high of $82.83. The company has a market capitalization of $28.18 billion, a P/E ratio of 26.32, a P/E/G ratio of 1.04 and a beta of 0.76. The stock's fifty day moving average is $61.93 and its two-hundred day moving average is $60.79.Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last posted its earnings results on Tuesday, July 19th. The financial services provider reported $0.84 EPS for the quarter, missing analysts' consensus estimates of $0.91 by ($0.07). Interactive Brokers Group had a net margin of 9.64% and a return on equity of 3.13%. The business had revenue of $656.00 million during the quarter, compared to analysts' expectations of $745.46 million. During the same quarter in the prior year, the firm earned $0.82 EPS. Interactive Brokers Group's revenue for the quarter was down 13.0% compared to the same quarter last year. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 3.76 earnings per share for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Stockholders of record on Thursday, September 1st were paid a $0.10 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. Interactive Brokers Group's payout ratio is presently 15.63%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the company. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Tuesday, July 19th. Barclays began coverage on Interactive Brokers Group in a research report on Wednesday, August 31st. They set an "overweight" rating and a $77.00 price objective on the stock. Finally, Compass Point reduced their price objective on Interactive Brokers Group to $85.00 in a research report on Friday, June 3rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $91.80.
Interactive Brokers Group Profile
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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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