Marathon Asset Management Ltd Decreases Holdings in Interactive Brokers Group, Inc. $IBKR

Marathon Asset Management Ltd cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.0% in the 4th quarter, HoldingsChannel reports. The firm owned 477,442 shares of the financial services provider’s stock after selling 47,411 shares during the quarter. Marathon Asset Management Ltd’s holdings in Interactive Brokers Group were worth $30,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at $27,000. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $31,000. Tucker Asset Management LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $32,000. Blue Trust Inc. increased its position in shares of Interactive Brokers Group by 236.0% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 472 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at $44,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction dated 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 transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $83.45 on Wednesday. The business has a 50-day moving average of $74.59 and a 200 day moving average of $71.28. Interactive Brokers Group, Inc. has a fifty-two week low of $49.15 and a fifty-two week high of $88.44. The firm has a market cap of $141.56 billion, a P/E ratio of 35.97, a price-to-earnings-growth ratio of 2.38 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $1.94 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is 13.79%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IBKR. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Jefferies Financial Group decreased their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets raised their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $83.25.

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.