Empowered Funds LLC Sells 98,197 Shares of Interactive Brokers Group, Inc. $IBKR

Empowered Funds LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 76.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,726 shares of the financial services provider’s stock after selling 98,197 shares during the quarter. Empowered Funds LLC’s holdings in Interactive Brokers Group were worth $2,061,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Reflection Asset Management bought a new stake in Interactive Brokers Group in the 4th quarter valued at $26,000. IMA Advisory Services Inc. increased its holdings 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 worth $29,000 after purchasing an additional 178 shares during the period. Tobam bought a new position in shares of Interactive Brokers Group during the 4th quarter worth about $30,000. Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $31,000. Finally, SHP Wealth Management acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $31,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $86.02 on Friday. The firm has a market cap of $145.92 billion, a P/E ratio of 34.41, a price-to-earnings-growth ratio of 1.64 and a beta of 1.34. The firm’s 50-day simple moving average is $91.14 and its 200-day simple moving average is $80.58. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84.

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

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IBKR. Barclays set a $114.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, July 22nd. Bank of America raised their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Wolfe Research assumed coverage on Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 price objective on the stock. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Piper Sandler set a $109.00 target price on Interactive Brokers Group in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.89.

Interactive Brokers Group Company 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.