Pictet Asset Management Holding SA Sells 10,340 Shares of Interactive Brokers Group, Inc. $IBKR

Pictet Asset Management Holding SA decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 253,964 shares of the financial services provider’s stock after selling 10,340 shares during the period. Pictet Asset Management Holding SA’s holdings in Interactive Brokers Group were worth $17,014,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Crocodile Capital Partners GmbH acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $12,041,000. Covenant Asset Management LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $3,028,000. OFI Invest Asset Management acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $22,356,000. Leonteq Securities AG bought a new stake in Interactive Brokers Group in the fourth quarter valued at about $1,746,000. Finally, Successful Portfolios LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at about $1,431,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on IBKR. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Weiss Ratings lowered Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. Finally, Piper Sandler raised their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold 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 $85.22.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Interactive Brokers Group Trading Down 2.1%

Shares of NASDAQ IBKR opened at $91.33 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $56.33 and a 1-year high of $97.84. The company has a market cap of $154.93 billion, a PE ratio of 39.37, a P/E/G ratio of 2.58 and a beta of 1.33. The company has a 50-day moving average of $86.38 and a two-hundred day moving average of $76.29.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the business earned $1.94 earnings per share. Interactive Brokers Group’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.

Interactive Brokers Group Company Profile

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.