Securian Asset Management Inc. Sells 11,689 Shares of Interactive Brokers Group, Inc. $IBKR

Securian Asset Management Inc. reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 35.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,502 shares of the financial services provider’s stock after selling 11,689 shares during the period. Securian Asset Management Inc.’s holdings in Interactive Brokers Group were worth $1,480,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBKR. Vanguard Group Inc. increased its stake in Interactive Brokers Group by 303.9% in the 2nd quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock worth $2,316,715,000 after acquiring an additional 31,458,885 shares during the last quarter. State Street Corp increased its position in shares of Interactive Brokers Group by 301.3% in the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after purchasing an additional 11,360,260 shares during the last quarter. Cantillon Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after buying an additional 9,509,805 shares during the last quarter. Greenwich Wealth Management LLC raised its position in shares of Interactive Brokers Group by 301.6% during the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after buying an additional 8,159,175 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after acquiring an additional 7,051,682 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.7%

NASDAQ:IBKR opened at $70.16 on Friday. The firm has a market capitalization of $119.00 billion, a P/E ratio of 33.69, a P/E/G ratio of 2.01 and a beta of 1.24. The company has a fifty day moving average of $66.30 and a 200 day moving average of $64.55. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 earnings per share. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.38%.

Analyst Ratings Changes

A number of research analysts recently commented on IBKR shares. Barclays set a $82.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $72.31.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 10,645 shares of the business’s stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the transaction, the director directly owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. The trade was a 5.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jill Bright bought 400 shares of the business’s stock in a transaction dated Thursday, October 23rd. The shares were bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the purchase, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This represents a 4.04% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders sold 55,000 shares of company stock worth $3,767,363. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group 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.