First Trust Advisors LP Sells 336,201 Shares of Interactive Brokers Group, Inc. $IBKR

First Trust Advisors LP cut its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.8% in the first quarter, HoldingsChannel reports. The firm owned 2,299,168 shares of the financial services provider’s stock after selling 336,201 shares during the quarter. First Trust Advisors LP’s holdings in Interactive Brokers Group were worth $154,205,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Reflection Asset Management bought a new position in Interactive Brokers Group during the fourth quarter valued at $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 worth $29,000 after buying an additional 178 shares during the last quarter. Tobam purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $30,000. Entrust Financial LLC bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $31,000. Finally, SHP Wealth Management bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $31,000. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’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 sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on IBKR. Piper Sandler set a $109.00 price objective on Interactive Brokers Group in a research note on Wednesday. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Finally, China Renaissance assumed coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They set a “hold” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.89.

Interactive Brokers Group News Roundup

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: IBKR posted record second-quarter results, with earnings and revenue both beating estimates, while customer accounts and daily average revenue trades (DARTs) rose sharply year over year. Article Title
• Positive Sentiment: The earnings call highlighted continued momentum in commissions and interest income, plus a 77% pretax margin, suggesting the company’s growth engine is still strong. Article Title
• Positive Sentiment: Management also declared a quarterly dividend, reinforcing the company’s shareholder-return profile. Article Title
• Neutral Sentiment: Analysts and commentary around the results emphasized record revenues, pretax income, and expanding global activity, but these were largely confirmations of the already-strong operating trend rather than a new catalyst. Article Title
• Neutral Sentiment: One valuation note suggested IBKR could be about 6% overvalued after the record quarter, which may be limiting upside as investors reassess the stock’s valuation. Article Title
• Negative Sentiment: Higher expenses weighed on the quarter, which could temper enthusiasm despite the beat and strong growth metrics. Article Title

Interactive Brokers Group Trading Down 1.9%

NASDAQ IBKR opened at $91.76 on Friday. The company’s 50-day moving average price is $90.00 and its 200-day moving average price is $79.35. The stock has a market cap of $155.66 billion, a PE ratio of 36.70, a PEG ratio of 2.12 and a beta of 1.33. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 2.57 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s payout ratio is currently 15.09%.

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.