Interactive Brokers Group, Inc. $IBKR Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 33.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,451 shares of the financial services provider’s stock after selling 27,876 shares during the period. Quantbot Technologies LP’s holdings in Interactive Brokers Group were worth $3,073,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in IBKR. ASR Vermogensbeheer N.V. acquired a new position in shares of Interactive Brokers Group during the 1st quarter valued at $33,000. Quarry LP increased its holdings in Interactive Brokers Group by 486.3% in the 1st quarter. Quarry LP now owns 299 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 248 shares in the last quarter. ORG Partners LLC raised its position in Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 363 shares during the period. Huntington National Bank lifted its stake in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares in the last quarter. Finally, Contravisory Investment Management Inc. lifted its stake in shares of Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent research reports. CICC Research initiated coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a report on Friday, October 17th. Barclays set a $80.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Interactive Brokers Group in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.08.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 22,000 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total value of $1,487,860.00. Following the completion of the sale, the director owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. The trade was a 8.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares in the company, valued at $10,289,092.42. The trade was a 42.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,026,711 shares of company stock valued at $65,238,880. 2.97% of the stock is owned by company insiders.

Interactive Brokers Group Stock Up 1.5%

Shares of NASDAQ IBKR opened at $65.95 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The business has a 50 day moving average price of $67.71 and a two-hundred day moving average price of $62.11. The firm has a market cap of $111.86 billion, a PE ratio of 31.67, a price-to-earnings-growth ratio of 1.98 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the prior year, the business posted $1.61 EPS. The business’s revenue was up 21.2% on a year-over-year basis. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be 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 of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.38%.

Interactive Brokers Group Company Profile

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.