Interactive Brokers Group, Inc. $IBKR Shares Sold by Rovida Investment Management Ltd

Rovida Investment Management Ltd decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 300,000 shares of the financial services provider’s stock after selling 40,000 shares during the quarter. Interactive Brokers Group accounts for approximately 2.6% of Rovida Investment Management Ltd’s holdings, making the stock its 8th biggest holding. Rovida Investment Management Ltd’s holdings in Interactive Brokers Group were worth $19,296,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. National Pension Service raised its stake in shares of Interactive Brokers Group by 2.2% in the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after buying an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Interactive Brokers Group by 36.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 7,234 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Interactive Brokers Group by 15.0% during the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after purchasing an additional 15,684 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after purchasing an additional 68,148 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth about $1,798,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Jefferies Financial Group cut their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a report on Friday, May 1st. BMO Capital Markets increased their target price 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. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were 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 approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $86.97 on Monday. The company has a market cap of $147.53 billion, a price-to-earnings ratio of 37.49, a PEG ratio of 2.40 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1-year low of $49.15 and a 1-year high of $88.44. The company’s fifty day simple moving average is $77.02 and its 200 day simple moving average is $71.97.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.94 earnings per share. As a group, 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 announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a dividend of $0.0875 per share. The ex-dividend date is Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 13.79%.

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.