TimesSquare Capital Management LLC Sells 87,845 Shares of Interactive Brokers Group, Inc. $IBKR

TimesSquare Capital Management LLC reduced its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,457,511 shares of the financial services provider’s stock after selling 87,845 shares during the quarter. Interactive Brokers Group makes up about 1.4% of TimesSquare Capital Management LLC’s portfolio, making the stock its 12th biggest holding. TimesSquare Capital Management LLC’s holdings in Interactive Brokers Group were worth $93,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Entrust Financial LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $31,000. Tucker Asset Management LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $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 acquiring an additional 472 shares during the period. Finally, Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group during the 2nd quarter worth approximately $44,000. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IBKR has been the subject of several research analyst reports. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Piper Sandler lifted their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group reduced their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday, May 1st. Finally, Barclays lifted their target price 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. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $83.25.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $86.12 on Tuesday. The stock’s fifty day moving average price is $74.25 and its two-hundred day moving average price is $71.18. Interactive Brokers Group, Inc. has a one year low of $49.15 and a one year high of $88.44. The firm has a market cap of $146.09 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 2.40 and a beta of 1.32.

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, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same period in the prior year, the firm posted $1.94 EPS. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

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.