Cercano Management LLC Cuts Stake in Interactive Brokers Group, Inc. $IBKR

Cercano Management LLC lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 68.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 77,749 shares of the financial services provider’s stock after selling 170,430 shares during the quarter. Cercano Management LLC’s holdings in Interactive Brokers Group were worth $5,350,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC increased its position in Interactive Brokers Group by 24.7% in the first 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. CWM LLC grew its stake in shares of Interactive Brokers Group by 308.5% in the 2nd quarter. CWM LLC now owns 4,338 shares of the financial services provider’s stock worth $240,000 after buying an additional 3,276 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Interactive Brokers Group by 238.1% in the 2nd quarter. Nordea Investment Management AB now owns 66,468 shares of the financial services provider’s stock worth $3,636,000 after buying an additional 46,811 shares during the last quarter. Private Trust Co. NA raised its position in shares of Interactive Brokers Group by 37.4% during the 2nd quarter. Private Trust Co. NA now owns 1,984 shares of the financial services provider’s stock valued at $110,000 after buying an additional 540 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its holdings in shares of Interactive Brokers Group by 200.9% in the 2nd quarter. Koshinski Asset Management Inc. now owns 6,634 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 4,429 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. CICC Research began coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, BMO Capital Markets raised their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.39.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $73.29 on Wednesday. The company has a market capitalization of $124.31 billion, a PE ratio of 33.09, a P/E/G ratio of 2.09 and a beta of 1.24. The company has a 50 day moving average price of $70.64 and a 200-day moving average price of $67.54. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business posted $0.51 EPS. Interactive Brokers Group’s quarterly revenue was up 18.5% on a year-over-year basis. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.48%.

About Interactive Brokers Group

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.