Interactive Brokers Group, Inc. $IBKR Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 25.1% during the first quarter, HoldingsChannel.com reports. The fund owned 461,700 shares of the financial services provider’s stock after selling 154,695 shares during the quarter. Renaissance Technologies LLC’s holdings in Interactive Brokers Group were worth $30,966,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. HM Payson & Co. raised its position in Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 143 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Interactive Brokers Group by 0.9% during the 1st quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock worth $1,172,000 after purchasing an additional 150 shares during the last quarter. S&CO Inc. increased its stake in Interactive Brokers Group by 0.3% in the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares during the period. Finally, Fifth Third Wealth Advisors LLC increased its stake in Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after purchasing an additional 165 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

IBKR opened at $90.91 on Wednesday. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84. The stock has a market capitalization of $154.22 billion, a P/E ratio of 36.36, a P/E/G ratio of 2.00 and a beta of 1.33. The business has a 50 day simple moving average of $90.37 and a 200-day simple moving average of $79.77.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.Interactive Brokers Group’s quarterly revenue was up 28.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. Research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods began 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 for the company. BMO Capital Markets reissued an “outperform” rating and set a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Barclays set a $114.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

Interactive Brokers Group 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.