Entropy Technologies LP Sells 3,997 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Entropy Technologies LP reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 44.0% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,091 shares of the financial services provider’s stock after selling 3,997 shares during the quarter. Entropy Technologies LP’s holdings in Interactive Brokers Group were worth $843,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. N.E.W. Advisory Services LLC bought a new stake in Interactive Brokers Group during the 1st quarter worth about $26,000. City Holding Co. bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. Nvwm LLC bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. ASR Vermogensbeheer N.V. bought a new stake in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. Finally, Bellwether Advisors LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $35,000. 23.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 39,786 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $66.38, for a total transaction of $2,640,994.68. Following the completion of the transaction, the insider owned 360,114 shares of the company’s stock, valued at $23,904,367.32. This represents a 9.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $67.63 on Wednesday. The stock has a 50 day simple moving average of $58.25 and a 200 day simple moving average of $51.37. Interactive Brokers Group, Inc. has a 52-week low of $29.32 and a 52-week high of $68.07. The firm has a market capitalization of $114.33 billion, a PE ratio of 34.77, a P/E/G ratio of 2.70 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned $1.76 EPS. Interactive Brokers Group’s quarterly revenue was up 14.7% compared to the same quarter last year. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a $0.08 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s payout ratio is currently 16.49%.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of recent analyst reports. Barclays upped their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Piper Sandler upped their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, July 15th. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, May 15th. Bank of America lowered their price target on Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating for the company in a research note on Wednesday, April 16th. Finally, Citigroup upped their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $59.38.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.