Lansing Management LP Sells 61,751 Shares of Interactive Brokers Group, Inc. $IBKR

Lansing Management LP reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 15.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 337,985 shares of the financial services provider’s stock after selling 61,751 shares during the period. Interactive Brokers Group makes up approximately 16.9% of Lansing Management LP’s holdings, making the stock its 2nd largest holding. Lansing Management LP’s holdings in Interactive Brokers Group were worth $23,257,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at $27,000. N.E.W. Advisory Services LLC raised its stake in Interactive Brokers Group by 300.0% during the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 474 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in Interactive Brokers Group during the second quarter worth $44,000. Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the second quarter valued at $45,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Interactive Brokers Group by 252.1% during the second quarter. SBI Securities Co. Ltd. now owns 1,000 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 716 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $68.28 on Tuesday. The business’s fifty day moving average is $72.58 and its two-hundred day moving average is $68.42. The firm has a market cap of $115.81 billion, a P/E ratio of 30.83, a P/E/G ratio of 1.85 and a beta of 1.23. 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 announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period last year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders have sold 400,000 shares of company stock valued at $30,725,122. Company insiders own 2.97% of the company’s stock.

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.