Victory Capital Management Inc. Decreases Stake in Interactive Brokers Group, Inc. $IBKR

Victory Capital Management Inc. lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 777,463 shares of the financial services provider’s stock after selling 37,934 shares during the period. Victory Capital Management Inc.’s holdings in Interactive Brokers Group were worth $53,497,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of IBKR. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter worth $27,000. Huntington National Bank increased its holdings in Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after buying an additional 176 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Interactive Brokers Group in the second quarter valued at $32,000. N.E.W. Advisory Services LLC raised its stake in Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after buying an additional 474 shares in the last quarter. Finally, Rialto Wealth Management LLC lifted its holdings in Interactive Brokers Group by 306.4% during the 2nd quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock worth $42,000 after buying an additional 576 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on IBKR shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets boosted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Stock Performance

IBKR opened at $66.70 on Friday. The business’s 50-day simple moving average is $72.42 and its 200-day simple moving average is $68.13. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The stock has a market capitalization of $113.13 billion, a P/E ratio of 30.11, a price-to-earnings-growth ratio of 1.90 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 400,000 shares of company stock valued at $30,725,122 over the last three months. 2.97% of the stock is currently owned by corporate insiders.

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.