Mediolanum International Funds Ltd Trims Stock Position in Interactive Brokers Group, Inc. $IBKR

Mediolanum International Funds Ltd lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 162,067 shares of the financial services provider’s stock after selling 10,646 shares during the period. Mediolanum International Funds Ltd’s holdings in Interactive Brokers Group were worth $10,322,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Reflection Asset Management purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at $26,000. IMA Advisory Services Inc. raised its position in shares of Interactive Brokers Group by 64.3% in the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after buying an additional 178 shares in the last quarter. Tobam purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth $30,000. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth $31,000. Finally, SHP Wealth Management bought a new stake in Interactive Brokers Group during the fourth quarter valued at $31,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $90.53 on Monday. The firm has a market capitalization of $153.57 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $97.84. The firm has a fifty day moving average of $89.43 and a 200 day moving average of $78.57.

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. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $1.94 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.55 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

Analysts Set New Price Targets

IBKR has been the topic of a number of research analyst reports. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Barclays lifted their price target on Interactive Brokers Group from $93.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective on the stock. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.89.

About Interactive Brokers Group

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.