Interactive Brokers Group, Inc. $IBKR Shares Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,818 shares of the financial services provider’s stock after selling 30,978 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Interactive Brokers Group were worth $27,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $27,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $32,000. Lloyd Advisory Services LLC. acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $33,000. Finally, Blue Trust Inc. increased its position in 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 purchasing an additional 472 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on IBKR shares. Jefferies Financial Group dropped their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research report on Friday, May 1st. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $83.25.

Insiders Place Their Bets

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

Interactive Brokers Group Stock Up 2.0%

NASDAQ IBKR opened at $88.69 on Tuesday. The stock has a market cap of $150.45 billion, a PE ratio of 38.23, a P/E/G ratio of 2.40 and a beta of 1.32. Interactive Brokers Group, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $91.02. The business has a 50 day moving average price of $77.44 and a two-hundred day moving average price of $72.10.

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, topping analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion during 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%.Interactive Brokers Group’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 EPS. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared 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 is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 13.79%.

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.