Atria Investments Inc Trims Stock Position in Interactive Brokers Group, Inc. $IBKR

Atria Investments Inc lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.2% during the 4th quarter, Holdings Channel reports. The firm owned 78,415 shares of the financial services provider’s stock after selling 10,847 shares during the quarter. Atria Investments Inc’s holdings in Interactive Brokers Group were worth $5,043,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IBKR. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at about $27,000. Blue Trust Inc. lifted its stake in shares of Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after buying an additional 472 shares during the period. Ramsey Quantitative Systems purchased a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $44,000. Darwin Wealth Management LLC purchased a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $45,000. Finally, Close Asset Management Ltd purchased a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $60,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $87.00 on Friday. Interactive Brokers Group, Inc. has a one year low of $49.15 and a one year high of $88.44. The company has a 50 day moving average price of $73.89 and a 200 day moving average price of $71.05. The firm has a market capitalization of $147.58 billion, a price-to-earnings ratio of 37.50, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business posted $1.94 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 13.79%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday, May 1st. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. Piper Sandler upped their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Barclays upped their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reduced their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.25.

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.