Interactive Brokers Group, Inc. $IBKR Shares Sold by Aspire Private Capital LLC

Aspire Private Capital LLC reduced its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 25.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,126 shares of the financial services provider’s stock after selling 7,874 shares during the period. Aspire Private Capital LLC’s holdings in Interactive Brokers Group were worth $1,551,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Value Partners Investments Inc. raised its holdings in Interactive Brokers Group by 6.9% in the first quarter. Value Partners Investments Inc. now owns 44,793 shares of the financial services provider’s stock valued at $3,001,000 after acquiring an additional 2,889 shares in the last quarter. Maridea Wealth Management LLC boosted its stake in Interactive Brokers Group by 54.6% during the 1st quarter. Maridea Wealth Management LLC now owns 8,733 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 3,083 shares during the last quarter. Aaron Wealth Advisors LLC grew its holdings in Interactive Brokers Group by 5.2% during the 1st quarter. Aaron Wealth Advisors LLC now owns 4,569 shares of the financial services provider’s stock worth $306,000 after acquiring an additional 227 shares in the last quarter. Trust Asset Management LLC acquired a new position in Interactive Brokers Group during the 1st quarter worth $328,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Interactive Brokers Group in the 1st quarter worth about $1,522,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $89.89 on Monday. The stock has a market capitalization of $152.48 billion, a price-to-earnings ratio of 38.74, a price-to-earnings-growth ratio of 2.48 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1-year low of $52.96 and a 1-year high of $97.84. The company’s fifty day moving average is $85.62 and its two-hundred day moving average is $75.61.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period last year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio is 15.09%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IBKR shares. Wolfe Research began coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. Barclays lifted their price target on 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 boosted their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Finally, Jefferies Financial Group reduced their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.22.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by corporate insiders.

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.