Thrivent Financial for Lutherans Cuts Stock Position in Interactive Brokers Group, Inc. $IBKR

Thrivent Financial for Lutherans cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 83.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,154 shares of the financial services provider’s stock after selling 85,465 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Interactive Brokers Group were worth $1,180,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Ballentine Partners LLC raised its stake in shares of Interactive Brokers Group by 1.0% during the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Huntington National Bank raised its position in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the period. Pullen Investment Management LLC lifted its stake in Interactive Brokers Group by 1.0% in the third quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock worth $1,359,000 after purchasing an additional 200 shares during the last quarter. World Investment Advisors boosted its position in Interactive Brokers Group by 3.0% during the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock valued at $471,000 after buying an additional 202 shares during the period. Finally, PUREfi Wealth LLC grew its stake in shares of Interactive Brokers Group by 4.7% during the third quarter. PUREfi Wealth LLC now owns 4,554 shares of the financial services provider’s stock valued at $313,000 after buying an additional 206 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on IBKR shares. CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $76.39.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 400,000 shares of company stock valued at $30,725,122 in the last ninety days. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Up 2.3%

Shares of IBKR stock opened at $74.75 on Friday. The firm has a market capitalization of $126.79 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.09 and a beta of 1.24. The stock has a fifty day moving average of $70.31 and a 200 day moving average of $67.40. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

About Interactive Brokers Group

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.