The Manufacturers Life Insurance Company Sells 19,519 Shares of Interactive Brokers Group, Inc. $IBKR

The Manufacturers Life Insurance Company reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 235,851 shares of the financial services provider’s stock after selling 19,519 shares during the period. The Manufacturers Life Insurance Company’s holdings in Interactive Brokers Group were worth $15,819,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IBKR. Reflection Asset Management bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $26,000. IMA Advisory Services Inc. raised its holdings in shares of Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 178 shares during the period. Tobam bought a new stake in Interactive Brokers Group in the 4th quarter valued at $30,000. Entrust Financial LLC bought a new stake in Interactive Brokers Group in the 4th quarter valued at $31,000. Finally, SHP Wealth Management acquired a new position in Interactive Brokers Group in the 4th quarter worth $31,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $87.99 on Monday. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The company has a fifty day simple moving average of $90.68 and a 200 day simple moving average of $80.14. The company has a market cap of $149.26 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the firm posted $0.51 EPS. The company’s revenue for the quarter was up 28.1% on a year-over-year basis. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Jefferies Financial Group lowered their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. China Renaissance assumed coverage on Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a “hold” rating on the stock. BMO Capital Markets restated an “outperform” rating and issued a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. Two 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 company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.89.

Interactive Brokers Group Profile

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.