Interactive Brokers Group, Inc. $IBKR Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 68.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 14,193 shares of the financial services provider’s stock after selling 30,920 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Interactive Brokers Group were worth $913,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IBKR. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth about $27,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $31,000. Tucker Asset Management LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $32,000. Blue Trust Inc. boosted its stake in shares of Interactive Brokers Group by 236.0% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 472 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter worth about $44,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

IBKR opened at $81.35 on Monday. The company’s 50 day simple moving average is $75.48 and its 200 day simple moving average is $71.54. Interactive Brokers Group, Inc. has a 1 year low of $49.15 and a 1 year high of $88.44. The stock has a market capitalization of $138.00 billion, a PE ratio of 35.06, a P/E/G ratio of 2.25 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the company earned $1.94 earnings per share. The company’s quarterly revenue was up 17.0% on a year-over-year basis. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio is 15.09%.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. BMO Capital Markets raised their price target on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays raised their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Piper Sandler raised their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research note on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $83.25.

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.