14,462 Interactive Brokers Group, Inc. $IBKR Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 106,642 shares of the financial services provider’s stock after selling 14,462 shares during the period. Commonwealth Equity Services LLC’s holdings in Interactive Brokers Group were worth $9,109,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in IBKR. Nykredit A S purchased a new position in Interactive Brokers Group during the second quarter valued at $15,348,000. Engineers Gate Manager LP raised its stake in shares of Interactive Brokers Group by 831.3% in the second quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider’s stock worth $9,432,000 after buying an additional 96,724 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Interactive Brokers Group by 79.4% during the second quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider’s stock valued at $48,185,000 after purchasing an additional 228,716 shares in the last quarter. AXQ Capital LP lifted its holdings in Interactive Brokers Group by 69.6% during the second quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider’s stock valued at $3,922,000 after purchasing an additional 18,499 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its position in shares of Interactive Brokers Group by 1,240.2% in the third quarter. Vontobel Holding Ltd. now owns 405,261 shares of the financial services provider’s stock worth $34,617,000 after purchasing an additional 375,022 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBKR has been the topic of several recent analyst reports. Evercore started coverage on shares of Interactive Brokers Group in a research report on Monday, October 12th. They set an “outperform” rating and a $100.00 price objective on the stock. Weiss Ratings downgraded Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 30th. Rothschild & Co Redburn boosted their price objective on Interactive Brokers Group from $94.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, September 21st. CICC Research lifted their price target on shares of Interactive Brokers Group from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Finally, Seaport Research Partners upgraded Interactive Brokers Group to a “buy” rating in a research report on Monday, October 12th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.87.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence Harris sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the sale, the director owned 148,482 shares of the company’s stock, valued at approximately $12,266,098.02. The trade was a 14.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by company insiders.

Interactive Brokers Group Stock Up 0.6%

Shares of IBKR opened at $81.79 on Friday. The company has a 50 day moving average of $85.10 and a two-hundred day moving average of $83.07. The company has a market cap of $139.16 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 1.33 and a beta of 1.37. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be paid a $0.15 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. Interactive Brokers Group’s dividend payout ratio (DPR) is 13.46%.

About Interactive Brokers Group

Interactive Brokers Group, Inc. is an electronic brokerage firm that provides trade execution, clearing and custody services to individual investors and institutional clients, including financial advisers, hedge funds and proprietary trading groups. Its platforms give clients access to a range of investments, including stocks, options, futures, currencies, bonds and funds, with product availability varying by location. The company serves clients in many countries and provides access to markets around the world.