Interactive Brokers Group, Inc. $IBKR Shares Sold by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 61.2% during the 4th quarter, HoldingsChannel reports. The firm owned 25,335 shares of the financial services provider’s stock after selling 39,908 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Interactive Brokers Group were worth $1,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $32,000. Lloyd Advisory Services LLC. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $33,000. Finally, Blue Trust Inc. boosted its holdings in shares of Interactive Brokers Group by 236.0% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 472 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 2.3%

NASDAQ:IBKR opened at $80.95 on Thursday. The stock’s fifty day moving average is $76.36 and its two-hundred day moving average is $71.77. Interactive Brokers Group, Inc. has a 52 week low of $49.15 and a 52 week high of $88.44. The stock has a market capitalization of $137.32 billion, a price-to-earnings ratio of 34.89, a price-to-earnings-growth ratio of 2.29 and a beta of 1.32.

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

Interactive Brokers Group Increases Dividend

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

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

IBKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective on the stock. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Jefferies Financial Group decreased their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Finally, BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $83.25.

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.