Interactive Brokers Group, Inc. $IBKR Holdings Trimmed by Emmett Investment Management LP

Emmett Investment Management LP lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,190 shares of the financial services provider’s stock after selling 9,950 shares during the quarter. Interactive Brokers Group accounts for approximately 5.3% of Emmett Investment Management LP’s investment portfolio, making the stock its 9th biggest holding. Emmett Investment Management LP’s holdings in Interactive Brokers Group were worth $6,940,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Reflection Asset Management purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $26,000. IMA Advisory Services Inc. grew its position in shares of Interactive Brokers Group by 64.3% during 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 purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $30,000. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $31,000. Finally, SHP Wealth Management bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth approximately $31,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $92.27 on Tuesday. The stock has a market cap of $156.52 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.02 and a beta of 1.33. Interactive Brokers Group, Inc. has a fifty-two week low of $58.95 and a fifty-two week high of $97.84. The stock has a fifty day moving average of $90.22 and a 200-day moving average of $79.63.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.64 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be 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 is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio is presently 14.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on IBKR shares. BMO Capital Markets reissued an “outperform” rating and issued a $110.00 target price (up from $105.00) on shares of Interactive Brokers Group in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, July 15th. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research report on Friday, May 1st. Jefferies Financial Group reduced their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

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.