Interactive Brokers Group, Inc. $IBKR Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.7% during the 3rd quarter, Holdings Channel reports. The firm owned 727,208 shares of the financial services provider’s stock after selling 69,064 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Interactive Brokers Group were worth $50,039,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 400,000 shares of company stock valued at $30,725,122 over the last quarter. 2.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on IBKR. BMO Capital Markets boosted their price target 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. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, Barclays set a $83.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Stock Performance

IBKR opened at $66.92 on Friday. The company has a fifty day moving average of $72.67 and a two-hundred day moving average of $68.28. The stock has a market capitalization of $113.51 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.91 and a beta of 1.23. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Interactive Brokers Group Company 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.