Cross Staff Investments Inc Sells 158,397 Shares of Interactive Brokers Group, Inc. $IBKR

Cross Staff Investments Inc lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 90.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,604 shares of the financial services provider’s stock after selling 158,397 shares during the quarter. Cross Staff Investments Inc’s holdings in Interactive Brokers Group were worth $1,211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of IBKR. Goldman Sachs Group Inc. boosted its holdings in shares of Interactive Brokers Group by 50.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock worth $98,886,000 after buying an additional 199,467 shares during the period. Thrive Wealth Management LLC lifted its position in Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock worth $482,000 after acquiring an additional 6,163 shares during the last quarter. Quinn Opportunity Partners LLC lifted its position in Interactive Brokers Group by 158.0% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock worth $17,233,000 after acquiring an additional 190,452 shares during the last quarter. American Century Companies Inc. boosted its holdings in Interactive Brokers Group by 290.7% during the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after acquiring an additional 4,168,530 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Interactive Brokers Group by 335.1% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock valued at $20,724,000 after purchasing an additional 288,055 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 22,000 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the transaction, the director directly owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jill Bright bought 400 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were acquired at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the transaction, the director owned 10,304 shares in the company, valued at $679,548.80. This represents a 4.04% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 55,000 shares of company stock valued at $3,767,363. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Up 0.4%

Interactive Brokers Group stock opened at $70.47 on Friday. The business has a 50 day moving average price of $66.30 and a two-hundred day moving average price of $64.69. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The stock has a market cap of $119.53 billion, a price-to-earnings ratio of 33.84, a price-to-earnings-growth ratio of 1.98 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

IBKR has been the subject of several research analyst reports. CICC Research started coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets increased their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, Barclays set a $82.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Thursday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.31.

Interactive Brokers Group Company 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.