Interactive Brokers Group, Inc. $IBKR Stock Position Decreased by Martingale Asset Management L P

Martingale Asset Management L P trimmed its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,432 shares of the financial services provider’s stock after selling 8,422 shares during the quarter. Martingale Asset Management L P’s holdings in Interactive Brokers Group were worth $11,994,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. N.E.W. Advisory Services LLC acquired a new position in shares of Interactive Brokers Group in the 1st quarter valued at $26,000. Bellwether Advisors LLC purchased a new stake in Interactive Brokers Group during the fourth quarter valued at about $35,000. City Holding Co. purchased a new stake in Interactive Brokers Group during the first quarter valued at about $33,000. Nvwm LLC acquired a new position in shares of Interactive Brokers Group in the first quarter worth about $33,000. Finally, ASR Vermogensbeheer N.V. purchased a new position in shares of Interactive Brokers Group in the first quarter worth approximately $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on IBKR shares. Wall Street Zen upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Citigroup boosted their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research note on Monday, July 7th. Piper Sandler increased their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, July 15th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Finally, Barclays raised their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, July 18th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $59.38.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 233,972 shares of company stock valued at $15,746,449. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $62.46 on Thursday. Interactive Brokers Group, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $68.07. The stock’s 50-day moving average is $59.64 and its two-hundred day moving average is $51.81. The firm has a market cap of $105.94 billion, a P/E ratio of 32.11, a PEG ratio of 2.54 and a beta of 1.22.

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

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 16.49%.

Interactive Brokers Group Profile

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.