Interactive Brokers Group Inc. (NASDAQ:IBKR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Interactive Brokers’ Electronic Brokerage segment witnessed a decline in its August monthly metrics on a year-over-year basis. Further, the company’s dependence on Market Making segment for dividend payments remains a matter of concern, given the dismal performance of the same over the last few quarters. Also, intensifying competitive environment is likely to keep the company’s near-term profitability under pressure. Nonetheless, the company seems well positioned to capitalize on the available opportunities on the back of its better-than-peer positioning, adoption of technology and optimization of resource allocation in global electronic networks.”

Interactive Brokers Group (NASDAQ:IBKR) traded up 0.37% during midday trading on Tuesday, reaching $35.74. 141,185 shares of the company’s stock were exchanged. The stock has a market cap of $2.40 billion, a PE ratio of 23.68 and a beta of 0.94. Interactive Brokers Group has a 12 month low of $29.50 and a 12 month high of $44.85. The firm has a 50 day moving average of $35.34 and a 200-day moving average of $37.09.

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Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 19th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.01. The business had revenue of $369 million for the quarter, compared to the consensus estimate of $373.43 million. Interactive Brokers Group had a net margin of 6.35% and a return on equity of 1.80%. On average, equities research analysts predict that Interactive Brokers Group will post $1.64 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, September 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.12%. The ex-dividend date was Tuesday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 26.49%.

Several large investors have recently made changes to their positions in IBKR. Societe Generale purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $135,000. SG Americas Securities LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter worth about $135,000. Tower Research Capital LLC TRC increased its stake in shares of Interactive Brokers Group by 2,477.5% in the second quarter. Tower Research Capital LLC TRC now owns 4,588 shares of the company’s stock worth $162,000 after buying an additional 4,410 shares during the last quarter. Legal & General Group Plc increased its stake in shares of Interactive Brokers Group by 33.6% in the first quarter. Legal & General Group Plc now owns 4,735 shares of the company’s stock worth $187,000 after buying an additional 1,191 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC increased its stake in shares of Interactive Brokers Group by 6.6% in the second quarter. SeaBridge Investment Advisors LLC now owns 4,798 shares of the company’s stock worth $170,000 after buying an additional 298 shares during the last quarter. 84.67% of the stock is currently owned by hedge funds and other institutional investors.

About Interactive Brokers Group

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 100 electronic exchanges and trading venues around the world.

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