Interactive Brokers Group Inc. (NASDAQ:IBKR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to 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 0.48% during trading on Tuesday, reaching $35.78. The company had a trading volume of 147,519 shares. The stock has a market cap of $2.41 billion, a PE ratio of 23.71 and a beta of 0.94. Interactive Brokers Group has a 52-week low of $29.50 and a 52-week high of $44.85. The company has a 50-day moving average price of $35.34 and a 200 day moving average price 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 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The business earned $369 million during the quarter, compared to analyst estimates of $373.43 million. Interactive Brokers Group had a return on equity of 1.80% and a net margin of 6.35%. On average, analysts anticipate that Interactive Brokers Group will post $1.64 earnings per share for the current year.

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

Several large investors have recently added to or reduced their stakes in IBKR. BlueMountain Capital Management LLC bought a new stake in Interactive Brokers Group during the first quarter valued at $49,949,000. BlackRock Inc. raised its stake in Interactive Brokers Group by 120.8% in the first quarter. BlackRock Inc. now owns 4,829 shares of the company’s stock valued at $190,000 after buying an additional 2,642 shares in the last quarter. Scopia Capital Management LP raised its stake in Interactive Brokers Group by 88.1% in the first quarter. Scopia Capital Management LP now owns 3,537,665 shares of the company’s stock valued at $139,101,000 after buying an additional 1,656,925 shares in the last quarter. Gabelli Funds LLC raised its stake in Interactive Brokers Group by 34.7% in the second quarter. Gabelli Funds LLC now owns 194,000 shares of the company’s stock valued at $6,868,000 after buying an additional 50,000 shares in the last quarter. Finally, Baillie Gifford & Co. raised its stake in Interactive Brokers Group by 418.7% in the second quarter. Baillie Gifford & Co. now owns 5,639,535 shares of the company’s stock valued at $199,639,000 after buying an additional 4,552,259 shares in the last quarter. 84.67% of the stock is owned by institutional investors and hedge funds.

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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