Interactive Brokers Group, Inc. $IBKR Shares Sold by Cantillon Capital Management LLC

Cantillon Capital Management LLC decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.9% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,245,881 shares of the financial services provider’s stock after selling 1,514,023 shares during the quarter. Interactive Brokers Group makes up approximately 5.0% of Cantillon Capital Management LLC’s holdings, making the stock its 4th largest holding. Cantillon Capital Management LLC’s holdings in Interactive Brokers Group were worth $754,261,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. HM Payson & Co. boosted its position in shares of Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 133 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its holdings in Interactive Brokers Group by 1.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares during the last quarter. S&CO Inc. lifted its stake in Interactive Brokers Group by 0.3% in the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after buying an additional 160 shares during the period. Thrive Wealth Management LLC lifted its stake in Interactive Brokers Group by 1.8% in the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after buying an additional 162 shares during the period. Finally, Fifth Third Wealth Advisors LLC lifted its stake in Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated 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 sale, 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 document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wolfe Research started coverage on Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. China Renaissance started coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating on the stock. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective for the company. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a report on Friday, May 1st. Finally, Piper Sandler set a $105.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.89.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $90.53 on Monday. The firm has a fifty day moving average of $89.43 and a 200-day moving average of $78.57. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $97.84. The company has a market capitalization of $153.57 billion, a price-to-earnings ratio of 39.02, a P/E/G ratio of 2.07 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $1.94 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a $0.0875 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

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.