110,991 Interactive Brokers Group, Inc. $IBKR Shares Sold by Hosking Partners LLP

Hosking Partners LLP cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 950,149 shares of the financial services provider’s stock after selling 110,991 shares during the quarter. Interactive Brokers Group makes up about 2.8% of Hosking Partners LLP’s holdings, making the stock its 6th largest holding. Hosking Partners LLP’s holdings in Interactive Brokers Group were worth $81,162,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IBKR shares. Barclays set a $117.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday, October 16th. Seaport Research Partners raised shares of Interactive Brokers Group to a “buy” rating in a report on Monday, October 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $100.00 price target (down from $105.00) on shares of Interactive Brokers Group in a research report on Friday, October 16th. Deutsche Bank Aktiengesellschaft set a $104.00 price target on shares of Interactive Brokers Group and gave the stock a “buy” rating in a research report on Friday, October 16th. Finally, Evercore initiated coverage on shares of Interactive Brokers Group in a research report on Monday, October 12th. They set an “outperform” rating and a $100.00 price objective on the stock. One investment 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 company. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $102.87.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $85.33 on Thursday. The company has a market cap of $145.18 billion, a P/E ratio of 32.82, a P/E/G ratio of 1.35 and a beta of 1.37. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $98.75. The firm’s fifty day moving average is $89.87 and its two-hundred day moving average is $87.62.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting analysts’ consensus estimates of $0.67. The company 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 firm’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s dividend payout ratio is currently 23.08%.

Interactive Brokers Group Company 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.