Inspire Investing LLC Sells 16,529 Shares of Interactive Brokers Group, Inc. $IBKR

Inspire Investing LLC decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,261 shares of the financial services provider’s stock after selling 16,529 shares during the period. Interactive Brokers Group comprises about 1.0% of Inspire Investing LLC’s holdings, making the stock its 11th largest position. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $11,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of IBKR. Reflection Asset Management bought a new position in Interactive Brokers Group during the 4th quarter valued at $26,000. IMA Advisory Services Inc. grew its stake in shares of Interactive Brokers Group by 64.3% in the 4th 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 in the last quarter. Tobam purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $30,000. Entrust Financial LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $31,000. Finally, SHP Wealth Management bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $31,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $88.20 on Tuesday. The business’s fifty day moving average is $85.80 and its 200-day moving average is $75.77. The stock has a market capitalization of $149.62 billion, a price-to-earnings ratio of 38.02, a PEG ratio of 2.48 and a beta of 1.32. Interactive Brokers Group, Inc. has a one year low of $53.14 and a one year high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the business earned $1.94 earnings per share. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. Research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were issued a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IBKR shares. Barclays boosted their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. BMO Capital Markets lifted their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler lifted their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Finally, Wolfe Research initiated coverage on Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $85.22.

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.