Interactive Brokers Group, Inc. $IBKR is WINTON GROUP Ltd’s 8th Largest Position

WINTON GROUP Ltd lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.0% during the 3rd quarter, Holdings Channel reports. The firm owned 312,823 shares of the financial services provider’s stock after selling 68,507 shares during the quarter. Interactive Brokers Group comprises 0.8% of WINTON GROUP Ltd’s portfolio, making the stock its 8th largest holding. WINTON GROUP Ltd’s holdings in Interactive Brokers Group were worth $21,525,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IBKR. National Pension Service increased its holdings in Interactive Brokers Group by 2.2% in the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after buying an additional 15,339 shares during the period. Jones Financial Companies Lllp lifted its stake in Interactive Brokers Group by 36.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 7,234 shares during the period. State of Michigan Retirement System boosted its holdings in shares of Interactive Brokers Group by 15.0% in the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after acquiring an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Interactive Brokers Group by 1,221.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after acquiring an additional 68,148 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Interactive Brokers Group in the third quarter worth $2,468,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBKR has been the subject of a number of research reports. BMO Capital Markets boosted their target price 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. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the transaction, the insider owned 155,000 shares in the company, valued at $12,066,750. The trade was a 48.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 400,000 shares of company stock valued at $30,725,122. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Price Performance

IBKR opened at $66.70 on Monday. The firm has a fifty day moving average price of $72.42 and a 200 day moving average price of $68.21. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $79.18. The stock has a market cap of $113.13 billion, a P/E ratio of 30.11, a P/E/G ratio of 1.87 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating 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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the business earned $0.51 earnings per share. The firm’s revenue was up 18.5% on a year-over-year basis. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.48%.

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.