Warther Private Wealth LLC Sells 49,435 Shares of Interactive Brokers Group, Inc. $IBKR

Warther Private Wealth LLC cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 75.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,520 shares of the financial services provider’s stock after selling 49,435 shares during the quarter. Interactive Brokers Group makes up 0.2% of Warther Private Wealth LLC’s portfolio, making the stock its 24th largest holding. Warther Private Wealth LLC’s holdings in Interactive Brokers Group were worth $915,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. New Mexico Educational Retirement Board lifted its holdings in shares of Interactive Brokers Group by 300.0% during the second quarter. New Mexico Educational Retirement Board now owns 88,912 shares of the financial services provider’s stock valued at $4,927,000 after acquiring an additional 66,684 shares during the period. Freedom Investment Management Inc. lifted its holdings in shares of Interactive Brokers Group by 186.7% during the second quarter. Freedom Investment Management Inc. now owns 6,946 shares of the financial services provider’s stock valued at $385,000 after acquiring an additional 4,523 shares during the period. Ethic Inc. lifted its holdings in shares of Interactive Brokers Group by 322.6% during the second quarter. Ethic Inc. now owns 40,912 shares of the financial services provider’s stock valued at $2,208,000 after acquiring an additional 31,230 shares during the period. Meadow Creek Wealth Advisors LLC bought a new position in shares of Interactive Brokers Group during the second quarter valued at $255,000. Finally, Rehmann Capital Advisory Group bought a new position in shares of Interactive Brokers Group during the second quarter valued at $226,000. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other news, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the completion of the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at approximately $10,289,092.42. The trade was a 42.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the transaction, the insider owned 461,500 shares of the company’s stock, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,205,683 shares of company stock valued at $77,217,965 over the last 90 days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 2.3%

Shares of IBKR stock opened at $64.77 on Thursday. The stock has a 50-day moving average price of $65.32 and a 200 day moving average price of $56.92. The firm has a market cap of $109.86 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 2.07 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the company earned $1.61 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s payout ratio is presently 15.38%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Barclays set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. Finally, Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.34.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.