Interactive Brokers Group, Inc. $IBKR Stock Sold by State of Wyoming

State of Wyoming reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,428 shares of the financial services provider’s stock after selling 10,678 shares during the period. Interactive Brokers Group makes up about 0.2% of State of Wyoming’s investment portfolio, making the stock its 18th biggest holding. State of Wyoming’s holdings in Interactive Brokers Group were worth $3,197,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp acquired a new position in shares of Interactive Brokers Group during the second quarter worth about $210,639,000. Bessemer Group Inc. grew its stake in shares of 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 valued at $263,097,000 after buying an additional 2,390,247 shares in the last quarter. Amundi grew its stake in shares of Interactive Brokers Group by 62.4% in the first quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock valued at $163,197,000 after buying an additional 934,843 shares in the last quarter. Vontobel Holding Ltd. grew its stake in shares of Interactive Brokers Group by 1,240.2% in the third quarter. Vontobel Holding Ltd. now owns 405,261 shares of the financial services provider’s stock valued at $34,617,000 after buying an additional 375,022 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Interactive Brokers Group by 1,393.7% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 262,984 shares of the financial services provider’s stock valued at $17,638,000 after buying an additional 245,378 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

IBKR stock opened at $76.90 on Friday. The firm has a 50 day simple moving average of $88.40 and a 200 day simple moving average of $82.88. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75. The stock has a market cap of $130.84 billion, a P/E ratio of 29.58, a P/E/G ratio of 1.34 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, meeting the consensus estimate of $0.67. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the business earned $0.57 EPS. The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s dividend payout ratio is presently 23.08%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence Harris sold 25,000 shares of the company’s stock in a transaction on Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the transaction, the director directly owned 148,482 shares of the company’s stock, valued at approximately $12,266,098.02. This represents a 14.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America reissued a “buy” rating and set a $116.00 price target (up from $114.00) on shares of Interactive Brokers Group in a research report on Monday, October 5th. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Wednesday, July 22nd. Barclays set a $117.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Friday, October 16th. BMO Capital Markets reissued an “outperform” rating and issued a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a research report on Friday, October 16th. Finally, Rothschild & Co Redburn raised their target price on Interactive Brokers Group from $94.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.