74,808 Interactive Brokers Group, Inc. $IBKR Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,183,881 shares of the financial services provider’s stock after selling 74,808 shares during the quarter. Interactive Brokers Group comprises about 1.0% of Ninety One UK Ltd’s investment portfolio, making the stock its 27th largest position. Ninety One UK Ltd’s holdings in Interactive Brokers Group were worth $442,807,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the business. Reflection Asset Management bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $26,000. Tobam purchased a new position in Interactive Brokers Group in the fourth quarter worth about $30,000. SHP Wealth Management bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $31,000. Wealth Enhancement Trust Services Inc. increased its stake in Interactive Brokers Group by 1,217.2% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 353 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Interactive Brokers Group by 584.6% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 456 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd. Weiss Ratings cut Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 2nd. Evercore initiated coverage on Interactive Brokers Group in a research report on Monday. They set an “outperform” rating and a $100.00 target price on the stock. Seaport Research Partners raised Interactive Brokers Group to a “buy” rating in a research report on Monday. Finally, Wells Fargo & Company assumed coverage on Interactive Brokers Group in a report on Friday, October 2nd. They set an “overweight” rating and a $102.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $103.18.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded up $0.17 during trading on Thursday, hitting $84.31. The stock had a trading volume of 2,591,529 shares, compared to its average volume of 4,664,510. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75. The firm’s fifty day simple moving average is $90.43 and its 200-day simple moving average is $87.00. The stock has a market cap of $143.44 billion, a PE ratio of 33.73, a PEG ratio of 1.55 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate 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 was up 28.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.51 EPS. Analysts expect that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Tuesday, September 1st were paid a $0.0875 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.00%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.