Marathon Asset Management Ltd Trims Stake in Interactive Brokers Group, Inc. $IBKR

Marathon Asset Management Ltd lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 524,853 shares of the financial services provider’s stock after selling 195,051 shares during the period. Marathon Asset Management Ltd’s holdings in Interactive Brokers Group were worth $36,115,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Everpar Advisors LLC raised its holdings in Interactive Brokers Group by 2.0% in the 3rd quarter. Everpar Advisors LLC now owns 15,896 shares of the financial services provider’s stock valued at $1,094,000 after buying an additional 308 shares during the period. Rede Wealth LLC purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $239,000. Burney Co. lifted its holdings in shares of Interactive Brokers Group by 717.5% in the 3rd quarter. Burney Co. now owns 48,312 shares of the financial services provider’s stock worth $3,324,000 after acquiring an additional 42,402 shares during the last quarter. Nvwm LLC boosted its position in shares of Interactive Brokers Group by 125.0% during the 3rd quarter. Nvwm LLC now owns 1,800 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 1,000 shares during the period. Finally, Highland Capital Management LLC acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $1,693,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. BMO Capital Markets lifted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Barclays reissued an “overweight” rating and issued a $81.00 price target (up previously from $80.00) on shares of Interactive Brokers Group in a research report on Friday, December 12th. CICC Research began coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $66.16 on Monday. The stock has a 50-day simple moving average of $66.25 and a 200-day simple moving average of $63.71. The stock has a market cap of $112.22 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.02 and a beta of 1.26. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $1.61 EPS. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 1st. Interactive Brokers Group’s payout ratio is currently 15.38%.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright bought 400 shares of the stock in a transaction dated Thursday, October 23rd. The stock was acquired at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the acquisition, the director owned 10,304 shares in the company, valued at approximately $679,548.80. This represents a 4.04% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the sale, the director owned 198,704 shares in the company, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,000 shares of company stock valued at $3,767,363 in the last 90 days. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group 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.