Interactive Brokers Group, Inc. $IBKR Holdings Trimmed by VestGen Advisors LLC

VestGen Advisors LLC cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 64.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,891 shares of the financial services provider’s stock after selling 8,745 shares during the period. VestGen Advisors LLC’s holdings in Interactive Brokers Group were worth $418,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nykredit A S bought a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $15,348,000. Engineers Gate Manager LP increased its holdings in shares of Interactive Brokers Group by 831.3% during the second quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider’s stock valued at $9,432,000 after acquiring an additional 96,724 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in shares of Interactive Brokers Group by 79.4% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider’s stock worth $48,185,000 after purchasing an additional 228,716 shares during the last quarter. AXQ Capital LP increased its stake in Interactive Brokers Group by 69.6% during the 2nd quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider’s stock valued at $3,922,000 after purchasing an additional 18,499 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Interactive Brokers Group by 30.1% during the first quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock valued at $14,038,000 after buying an additional 48,443 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on IBKR shares. Evercore started coverage on Interactive Brokers Group in a report on Monday, October 12th. They issued an “outperform” rating and a $100.00 target price for the company. Deutsche Bank Aktiengesellschaft set a $104.00 target price on shares of Interactive Brokers Group and gave the stock a “buy” rating in a report on Friday, October 16th. Barclays set a $117.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 16th. UBS Group set a $97.00 price target on shares of Interactive Brokers Group in a research report on Tuesday, October 20th. Finally, Seaport Research Partners raised shares of Interactive Brokers Group to a “buy” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.87.

Interactive Brokers Group Stock Performance

IBKR opened at $74.83 on Tuesday. The stock has a market capitalization of $127.32 billion, a price-to-earnings ratio of 28.78, a PEG ratio of 1.37 and a beta of 1.37. The company has a fifty day moving average of $88.02 and a 200 day moving average of $82.90. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $98.75.

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

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.8%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 23.08%.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence Harris sold 25,000 shares of the stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the sale, the director owned 148,482 shares in the company, valued at approximately $12,266,098.02. This represents a 14.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

About Interactive Brokers Group

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.