Munro Partners Sells 7,760 Shares of Interactive Brokers Group, Inc. $IBKR

Munro Partners reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,980 shares of the financial services provider’s stock after selling 7,760 shares during the period. Munro Partners’ holdings in Interactive Brokers Group were worth $5,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Financial LLC increased its holdings in Interactive Brokers Group by 9.0% during the first quarter. Summit Financial LLC now owns 1,585 shares of the financial services provider’s stock valued at $262,000 after buying an additional 131 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in Interactive Brokers Group by 31.0% during the 1st quarter. Kestra Advisory Services LLC now owns 7,064 shares of the financial services provider’s stock valued at $1,170,000 after buying an additional 1,670 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Interactive Brokers Group during the first quarter valued at $3,448,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Interactive Brokers Group by 797.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 34,029 shares of the financial services provider’s stock valued at $5,635,000 after buying an additional 30,238 shares in the last quarter. Finally, FORA Capital LLC lifted its stake in shares of Interactive Brokers Group by 242.7% in the 1st quarter. FORA Capital LLC now owns 51,188 shares of the financial services provider’s stock valued at $8,476,000 after purchasing an additional 36,253 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.3%

Shares of IBKR stock opened at $65.96 on Wednesday. The stock has a market capitalization of $111.88 billion, a price-to-earnings ratio of 31.67, a P/E/G ratio of 2.00 and a beta of 1.26. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The stock has a fifty day simple moving average of $66.38 and a two-hundred day simple moving average of $63.40.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. The firm’s revenue for the quarter was up 21.2% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were issued a dividend of $0.08 per share. The ex-dividend date was Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 17,058 shares of Interactive Brokers Group stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the transaction, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jill Bright purchased 400 shares of the stock in a transaction dated Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This represents a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have sold 86,354 shares of company stock valued at $5,815,962. 2.97% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IBKR shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday. BMO Capital Markets boosted their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. CICC Research assumed coverage on Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. Finally, Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.19.

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.