WINTON GROUP Ltd Lowers Stock Position in Interactive Brokers Group, Inc. $IBKR

WINTON GROUP Ltd cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 87.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 38,262 shares of the financial services provider’s stock after selling 274,561 shares during the quarter. WINTON GROUP Ltd’s holdings in Interactive Brokers Group were worth $2,461,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its holdings in Interactive Brokers Group by 20.7% during the fourth quarter. Parallel Advisors LLC now owns 1,756 shares of the financial services provider’s stock worth $113,000 after buying an additional 301 shares in the last quarter. TruNorth Capital Management LLC boosted its holdings in Interactive Brokers Group by 625.4% during the fourth quarter. TruNorth Capital Management LLC now owns 6,964 shares of the financial services provider’s stock worth $448,000 after buying an additional 6,004 shares in the last quarter. VMS Asset Management Limited purchased a new stake in Interactive Brokers Group during the fourth quarter worth $5,704,000. Vise Technologies Inc. boosted its holdings in Interactive Brokers Group by 151.8% during the fourth quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 14,593 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in Interactive Brokers Group by 4.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 90,928 shares of the financial services provider’s stock worth $5,847,000 after buying an additional 4,114 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $84.40 on Monday. Interactive Brokers Group, Inc. has a 12-month low of $49.15 and a 12-month high of $91.02. The stock has a market cap of $143.17 billion, a P/E ratio of 36.38, a PEG ratio of 2.33 and a beta of 1.32. The company has a 50-day moving average price of $79.02 and a 200 day moving average price of $72.65.

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

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of brokerages recently issued reports on IBKR. Barclays increased 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. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. Jefferies Financial Group cut their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $83.25.

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.