swisspartners Ltd. lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 93.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,600 shares of the financial services provider’s stock after selling 63,833 shares during the period. swisspartners Ltd.’s holdings in Interactive Brokers Group were worth $337,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. Greenwich Wealth Management LLC grew its position in Interactive Brokers Group by 1,482.2% during the 4th quarter. Greenwich Wealth Management LLC now owns 10,011,408 shares of the financial services provider’s stock worth $609,895,000 after acquiring an additional 9,378,652 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Interactive Brokers Group by 4.1% in the first quarter. BlackRock Inc. now owns 6,862,263 shares of the financial services provider’s stock worth $501,219,000 after purchasing an additional 268,094 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Interactive Brokers Group by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 886,199 shares of the financial services provider’s stock worth $53,987,000 after buying an additional 10,033 shares during the period. Norges Bank bought a new stake in Interactive Brokers Group during the 4th quarter valued at $47,763,000. Finally, MARSHALL WACE ASIA Ltd boosted its position in Interactive Brokers Group by 4.0% during the 4th quarter. MARSHALL WACE ASIA Ltd now owns 723,251 shares of the financial services provider’s stock valued at $44,060,000 after buying an additional 27,973 shares during the period. 18.76% of the stock is owned by institutional investors.
IBKR has been the subject of several recent analyst reports. Jefferies Financial Group started coverage on shares of Interactive Brokers Group in a research note on Friday, March 5th. They set a “buy” rating and a $89.00 price objective for the company. Zacks Investment Research lowered Interactive Brokers Group from a “buy” rating to a “hold” rating and set a $72.00 price target for the company. in a research report on Wednesday. Credit Suisse Group lifted their price objective on Interactive Brokers Group from $92.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $73.00 to $83.00 and gave the company a “neutral” rating in a report on Monday, April 5th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Interactive Brokers Group has an average rating of “Hold” and a consensus target price of $78.86.
IBKR traded down $0.19 during trading on Friday, reaching $65.35. The stock had a trading volume of 9,817 shares, compared to its average volume of 967,035. The company has a market capitalization of $27.24 billion, a P/E ratio of 22.22 and a beta of 0.67. The firm’s 50 day simple moving average is $70.31. Interactive Brokers Group, Inc. has a one year low of $39.89 and a one year high of $80.57.
Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Monday, April 19th. The financial services provider reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. Interactive Brokers Group had a net margin of 9.39% and a return on equity of 2.68%. The company had revenue of $893.00 million during the quarter, compared to analyst estimates of $622.65 million. During the same period last year, the business earned $0.69 EPS. Interactive Brokers Group’s quarterly revenue was up 67.9% compared to the same quarter last year. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 3.04 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 14th. Shareholders of record on Tuesday, June 1st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, May 28th. Interactive Brokers Group’s dividend payout ratio is 16.06%.
About Interactive Brokers Group
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. It specializes in executing and clearing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, and exchange traded funds (ETFs). The company custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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