Interactive Brokers Group, Inc. $IBKR Shares Sold by Sowell Financial Services LLC

Sowell Financial Services LLC lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 85.3% in the third quarter, Holdings Channel.com reports. The fund owned 3,956 shares of the financial services provider’s stock after selling 22,912 shares during the quarter. Sowell Financial Services LLC’s holdings in Interactive Brokers Group were worth $338,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IBKR. Bessemer Group Inc. increased its stake in Interactive Brokers Group by 156.0% in the first quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock worth $263,097,000 after purchasing an additional 2,390,247 shares during the period. Bank of New York Mellon Corp bought a new stake in shares of Interactive Brokers Group during the second quarter worth $210,639,000. Amundi boosted its stake in shares of Interactive Brokers Group by 62.4% during the first quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock valued at $163,197,000 after purchasing an additional 934,843 shares during the period. Progeny 3 Inc. boosted its stake in shares of Interactive Brokers Group by 3.1% during the first quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock valued at $147,262,000 after purchasing an additional 65,880 shares during the period. Finally, KBC Group NV boosted its stake in shares of Interactive Brokers Group by 0.4% during the first quarter. KBC Group NV now owns 2,115,438 shares of the financial services provider’s stock valued at $141,883,000 after purchasing an additional 8,844 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 0.4%

IBKR opened at $80.59 on Tuesday. The stock’s fifty day moving average is $89.22 and its two-hundred day moving average is $82.67. The company has a market capitalization of $137.12 billion, a P/E ratio of 31.00, a PEG ratio of 1.31 and a beta of 1.37. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted $0.57 EPS. Interactive Brokers Group’s revenue was up 15.6% on a year-over-year basis. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.15 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s payout ratio is 13.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. China Renaissance initiated coverage on shares of Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating and a $99.90 price target on the stock. Capital One Financial set a $105.00 price objective on shares of Interactive Brokers Group in a report on Tuesday, October 6th. BMO Capital Markets reiterated an “outperform” rating and set a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a report on Friday, October 16th. Seaport Research Partners raised shares of Interactive Brokers Group to a “buy” rating in a research report on Monday, October 12th. Finally, Evercore initiated coverage on shares of Interactive Brokers Group in a research note on Monday, October 12th. They issued an “outperform” rating and a $100.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.87.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.