Interactive Brokers Group, Inc. $IBKR Stock Position Decreased by Xponance Inc.

Xponance Inc. decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 61,262 shares of the financial services provider’s stock after selling 14,184 shares during the quarter. Xponance Inc.’s holdings in Interactive Brokers Group were worth $4,215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBKR. AQR Capital Management LLC grew its position in Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,713 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Interactive Brokers Group by 275.3% during the second quarter. Nisa Investment Advisors LLC now owns 5,168 shares of the financial services provider’s stock worth $286,000 after buying an additional 3,791 shares during the last quarter. Bessemer Group Inc. raised its holdings in Interactive Brokers Group by 33.1% during the second quarter. Bessemer Group Inc. now owns 10,620 shares of the financial services provider’s stock valued at $589,000 after buying an additional 2,640 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Interactive Brokers Group by 315.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 66,168 shares of the financial services provider’s stock worth $3,666,000 after acquiring an additional 50,252 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of Interactive Brokers Group during the 2nd quarter valued at about $368,000. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $71.19 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The stock has a market cap of $120.75 billion, a PE ratio of 32.14, a PEG ratio of 1.99 and a beta of 1.23. The firm has a 50-day simple moving average of $72.11 and a 200 day simple moving average of $68.00.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the company earned $0.51 EPS. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Analysts Set New Price Targets

Several research firms recently weighed in on IBKR. BMO Capital Markets boosted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $76.39.

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.