Inspire Investing LLC Reduces Stock Position in Interactive Brokers Group, Inc. $IBKR

Inspire Investing LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,283 shares of the financial services provider’s stock after selling 13,407 shares during the quarter. Interactive Brokers Group comprises 1.4% of Inspire Investing LLC’s investment portfolio, making the stock its 8th largest holding. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $13,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in shares of Interactive Brokers Group by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after purchasing an additional 199,467 shares during the period. Thrive Wealth Management LLC grew its position in Interactive Brokers Group by 243.8% during the second quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after buying an additional 6,163 shares in the last quarter. Quinn Opportunity Partners LLC increased its position in shares of Interactive Brokers Group by 158.0% during the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after purchasing an additional 190,452 shares during the period. American Century Companies Inc. lifted its position in Interactive Brokers Group by 290.7% in the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock worth $310,435,000 after purchasing an additional 4,168,530 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Interactive Brokers Group by 335.1% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock valued at $20,724,000 after buying an additional 288,055 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of several recent analyst reports. BMO Capital Markets boosted their price target on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. CICC Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. Barclays restated an “overweight” rating and issued a $81.00 price target (up from $80.00) on shares of Interactive Brokers Group in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 400 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The shares were purchased at an average cost of $65.95 per share, with a total value of $26,380.00. Following the completion of the purchase, the director owned 10,304 shares in the company, valued at $679,548.80. The trade was a 4.04% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the sale, the director directly owned 231,704 shares of the company’s stock, valued at $15,670,141.52. This represents a 8.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 72,058 shares of company stock worth $4,889,438 over the last ninety days. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR stock opened at $65.84 on Thursday. The stock has a market capitalization of $111.67 billion, a PE ratio of 31.61, a price-to-earnings-growth ratio of 2.01 and a beta of 1.26. The company has a 50 day moving average price of $66.30 and a 200 day moving average price of $63.41. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s payout ratio is 15.38%.

About Interactive Brokers Group

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.