Leonteq Securities AG Sells 6,003 Shares of Interactive Brokers Group, Inc. $IBKR

Leonteq Securities AG decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 21,135 shares of the financial services provider’s stock after selling 6,003 shares during the period. Leonteq Securities AG’s holdings in Interactive Brokers Group were worth $1,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Reflection Asset Management purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at approximately $26,000. IMA Advisory Services Inc. grew its stake in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after buying an additional 178 shares in the last quarter. Tobam purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $30,000. Entrust Financial LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at $31,000. Finally, SHP Wealth Management bought a new stake in Interactive Brokers Group during the 4th quarter valued at $31,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IBKR shares. Wolfe Research initiated coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target for the company. Jefferies Financial Group decreased their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Weiss Ratings cut Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Piper Sandler raised their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $85.22.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $91.33 on Friday. The company has a market cap of $154.93 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33. The stock has a 50-day moving average price of $86.64 and a 200-day moving average price of $76.40. Interactive Brokers Group, Inc. has a 12-month low of $56.33 and a 12-month high of $97.84.

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

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s payout ratio is currently 15.09%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by insiders.

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.