Union Bancaire Privee UBP SA Sells 237,443 Shares of Interactive Brokers Group, Inc. $IBKR

Union Bancaire Privee UBP SA lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 72.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,690 shares of the financial services provider’s stock after selling 237,443 shares during the period. Union Bancaire Privee UBP SA’s holdings in Interactive Brokers Group were worth $5,704,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IBKR. Vanguard Group Inc. grew its position in Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after buying an additional 31,458,885 shares during the period. State Street Corp raised its position in Interactive Brokers Group by 301.3% in the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after acquiring an additional 11,360,260 shares during the period. Greenwich Wealth Management LLC boosted its stake in shares of Interactive Brokers Group by 301.6% during the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after acquiring an additional 8,159,175 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after acquiring an additional 7,051,682 shares during the period. Finally, Orbis Allan Gray Ltd grew its position in shares of Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders have sold 400,000 shares of company stock valued at $30,725,122. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $65.47 on Friday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The company’s fifty day moving average price is $72.29 and its 200-day moving average price is $68.48. The company has a market capitalization of $111.05 billion, a price-to-earnings ratio of 29.56, a PEG ratio of 1.89 and a beta of 1.23.

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

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.08 per share. The ex-dividend date was Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, BMO Capital Markets boosted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $76.39.

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.