Interactive Brokers Group, Inc. $IBKR Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 13.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 59,973 shares of the financial services provider’s stock after selling 9,189 shares during the period. Stanley Laman Group Ltd.’s holdings in Interactive Brokers Group were worth $4,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its position in shares of Interactive Brokers Group by 13.0% during the first quarter. Advisors Asset Management Inc. now owns 5,281 shares of the financial services provider’s stock worth $874,000 after acquiring an additional 608 shares during the last quarter. AQR Capital Management LLC grew its position in Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 2,713 shares during the last quarter. Nissay Asset Management Corp Japan ADV acquired a new stake in shares of Interactive Brokers Group in the first quarter valued at approximately $2,162,000. Scientech Research LLC increased its stake in shares of Interactive Brokers Group by 26.1% in the first quarter. Scientech Research LLC now owns 12,399 shares of the financial services provider’s stock valued at $2,053,000 after purchasing an additional 2,564 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Interactive Brokers Group during the first quarter valued at approximately $364,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

IBKR opened at $67.23 on Monday. The company has a market capitalization of $114.03 billion, a price-to-earnings ratio of 32.28, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $73.35. The business has a 50 day moving average price of $66.10 and a two-hundred day moving average price of $64.18.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period last year, the firm earned $1.61 EPS. The firm’s revenue for the quarter was up 21.2% on a year-over-year basis. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s payout ratio is presently 15.38%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBKR. Barclays reissued an “overweight” rating and issued a $81.00 price objective (up from $80.00) on shares of Interactive Brokers Group in a report on Friday, December 12th. BMO Capital Markets lifted their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. CICC Research initiated coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

View Our Latest Stock Report on Interactive Brokers Group

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 400 shares of the stock in a transaction dated Thursday, October 23rd. The shares were bought at an average price of $65.95 per share, with a total value of $26,380.00. Following the purchase, the director directly owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. This trade represents a 4.04% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lawrence E. Harris sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the sale, the director owned 231,704 shares in the company, valued at $15,670,141.52. The trade was a 8.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 55,000 shares of company stock worth $3,767,363. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group News Roundup

Here are the key news stories impacting Interactive Brokers Group this week:

Interactive Brokers Group Company Profile

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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