Firetrail Investments PTY Ltd. Has $17.05 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Firetrail Investments PTY Ltd. decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 40.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 249,740 shares of the financial services provider’s stock after selling 171,731 shares during the period. Interactive Brokers Group comprises approximately 4.3% of Firetrail Investments PTY Ltd.’s portfolio, making the stock its 6th biggest holding. Firetrail Investments PTY Ltd.’s holdings in Interactive Brokers Group were worth $17,054,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in IBKR. Huntington National Bank grew its holdings in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Private Wealth Asset Management LLC grew its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares during the last quarter. LFA Lugano Financial Advisors SA bought a new stake in shares of Interactive Brokers Group in the second quarter worth about $32,000. N.E.W. Advisory Services LLC increased its holdings in Interactive Brokers Group by 300.0% during the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 474 shares during the period. Finally, First Horizon Advisors Inc. raised its position in Interactive Brokers Group by 1,051.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 694 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $74.59 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $78.80. The firm has a 50-day moving average of $69.16 and a 200 day moving average of $67.01. The stock has a market cap of $126.52 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 2.09 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. 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 declared 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. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on IBKR shares. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average 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.