Penserra Capital Management LLC Cuts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Penserra Capital Management LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 76.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,363 shares of the financial services provider’s stock after selling 11,013 shares during the period. Penserra Capital Management LLC’s holdings in Interactive Brokers Group were worth $468,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in Interactive Brokers Group by 172.1% during the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock worth $1,528,000 after purchasing an additional 7,884 shares during the period. Janus Henderson Group PLC grew its position in shares of Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after buying an additional 9,858 shares in the last quarter. Aurora Investment Counsel acquired a new position in shares of Interactive Brokers Group during the third quarter worth about $1,693,000. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group during the third quarter worth about $26,946,000. Finally, Versor Investments LP acquired a new position in shares of Interactive Brokers Group during the third quarter worth about $474,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 0.8 %

Shares of IBKR opened at $191.31 on Friday. The stock has a 50 day moving average price of $157.75 and a 200 day moving average price of $135.01. The company has a market capitalization of $80.83 billion, a price-to-earnings ratio of 29.21, a price-to-earnings-growth ratio of 1.50 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $1.55 EPS. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IBKR. Barclays lowered their price objective on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Jefferies Financial Group boosted their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler reissued an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.