TimesSquare Capital Management LLC Sells 44,919 Shares of Interactive Brokers Group, Inc. $IBKR

TimesSquare Capital Management LLC cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,545,356 shares of the financial services provider’s stock after selling 44,919 shares during the period. Interactive Brokers Group makes up about 1.5% of TimesSquare Capital Management LLC’s portfolio, making the stock its 12th biggest holding. TimesSquare Capital Management LLC owned about 0.09% of Interactive Brokers Group worth $106,336,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Aberdeen Group plc bought a new position in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $1,947,000. Murphy & Mullick Capital Management Corp bought a new position in Interactive Brokers Group during the third quarter valued at $27,000. Florida Financial Advisors LLC lifted its position in Interactive Brokers Group by 44.4% during the third quarter. Florida Financial Advisors LLC now owns 20,900 shares of the financial services provider’s stock valued at $1,438,000 after purchasing an additional 6,429 shares during the last quarter. Straightline Group LLC purchased a new position in shares of Interactive Brokers Group in the 3rd quarter worth $915,000. Finally, CENTRAL TRUST Co increased its holdings in shares of Interactive Brokers Group by 8.1% in the 3rd quarter. CENTRAL TRUST Co now owns 30,858 shares of the financial services provider’s stock worth $2,123,000 after buying an additional 2,310 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last 90 days. Company insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IBKR shares. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets lifted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Finally, CICC Research started coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Buy” and a consensus price target of $76.39.

Interactive Brokers Group Stock Up 2.3%

IBKR opened at $74.75 on Friday. The business has a fifty day moving average of $70.31 and a 200 day moving average of $67.40. The stock has a market cap of $126.79 billion, a P/E ratio of 33.75, a PEG ratio of 2.09 and a beta of 1.24. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.51 earnings per share. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

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.