Interactive Brokers Group, Inc. $IBKR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,282,311 shares of the financial services provider’s stock after selling 248,333 shares during the quarter. Bank of New York Mellon Corp’s holdings in Interactive Brokers Group were worth $153,075,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IBKR. Reflection Asset Management acquired a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $26,000. IMA Advisory Services Inc. increased its holdings in shares of Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 178 shares during the last quarter. Tobam acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at approximately $30,000. Entrust Financial LLC bought a new position in Interactive Brokers Group during the fourth quarter worth $31,000. Finally, SHP Wealth Management bought a new position in Interactive Brokers Group during the fourth quarter worth $31,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They set a “hold” rating for the company. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday, May 1st. Wolfe Research assumed coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.89.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $90.53 on Monday. The firm’s 50 day moving average is $89.43 and its two-hundred day moving average is $78.57. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84. The firm has a market capitalization of $153.57 billion, a P/E ratio of 39.02, a PEG ratio of 2.07 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The company had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.94 earnings per share. Analysts predict that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Interactive Brokers Group Increases Dividend

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

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.