Interactive Brokers Group, Inc. $IBKR Shares Sold by Evelyn Partners Investment Management LLP

Evelyn Partners Investment Management LLP lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,042 shares of the financial services provider’s stock after selling 15,096 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Interactive Brokers Group were worth $9,929,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Reflection Asset Management purchased a new stake in shares of Interactive Brokers Group in the fourth 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 acquiring an additional 178 shares during the period. Tobam acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $30,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $31,000. Finally, SHP Wealth Management purchased a new stake in Interactive Brokers Group in the 4th quarter worth $31,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $110.00 price objective (up from $105.00) on shares of Interactive Brokers Group in a report on Wednesday, July 22nd. Barclays set a $114.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 22nd. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Finally, The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $92.27 on Tuesday. The business has a fifty day moving average price of $90.22 and a 200 day moving average price of $79.63. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $97.84. The company has a market cap of $156.52 billion, a P/E ratio of 36.91, a P/E/G ratio of 2.02 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The company had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.51 EPS. The firm’s revenue for the quarter was up 28.1% on a year-over-year basis. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.64 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be given a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.00%.

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.