Interactive Brokers Group, Inc. $IBKR Position Lessened by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 15.1% during the third quarter, Holdings Channel reports. The institutional investor owned 118,000 shares of the financial services provider’s stock after selling 20,970 shares during the quarter. Interactive Brokers Group makes up approximately 2.0% of Pilgrim Partners Asia Pte Ltd’s investment portfolio, making the stock its 6th largest position. Pilgrim Partners Asia Pte Ltd’s holdings in Interactive Brokers Group were worth $10,080,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Wealth Enhancement Trust Services Inc. boosted its stake in Interactive Brokers Group by 1,217.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock valued at $33,000 after buying an additional 353 shares in the last quarter. CoreCap Advisors LLC grew its holdings in Interactive Brokers Group by 62.2% during the third quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 201 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Interactive Brokers Group by 584.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 456 shares during the period. Mather Group LLC. raised its position in Interactive Brokers Group by 70.4% in the third quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 271 shares in the last quarter. Finally, Activest Wealth Management raised its position in Interactive Brokers Group by 2,960.9% in the third quarter. Activest Wealth Management now owns 704 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 681 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence Harris sold 25,000 shares of the stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the transaction, the director directly owned 148,482 shares of the company’s stock, valued at $12,266,098.02. This represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Interactive Brokers Group in a report on Friday, October 2nd. They issued an “overweight” rating and a $102.00 price target for the company. Capital One Financial set a $105.00 price objective on shares of Interactive Brokers Group in a research note on Tuesday, October 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $100.00 target price (down from $105.00) on shares of Interactive Brokers Group in a report on Friday, October 16th. Raymond James Financial assumed coverage on shares of Interactive Brokers Group in a research note on Wednesday, August 26th. They set a “market perform” rating for the company. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.87.

Interactive Brokers Group Stock Down 6.0%

Interactive Brokers Group stock opened at $76.90 on Friday. The stock has a market cap of $130.84 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.26 and a beta of 1.37. The company’s fifty day simple moving average is $88.40 and its 200-day simple moving average is $82.88. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The company’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be issued a $0.15 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s dividend payout ratio is currently 13.46%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.