VMS Asset Management Limited Sells 12,335 Shares of Interactive Brokers Group, Inc. $IBKR

VMS Asset Management Limited lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 16.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,040 shares of the financial services provider’s stock after selling 12,335 shares during the quarter. Interactive Brokers Group comprises approximately 2.1% of VMS Asset Management Limited’s holdings, making the stock its 24th largest holding. VMS Asset Management Limited’s holdings in Interactive Brokers Group were worth $5,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Bamco Inc. NY grew its holdings in shares of Interactive Brokers Group by 0.7% in the fourth quarter. Bamco Inc. NY now owns 4,643,376 shares of the financial services provider’s stock valued at $298,616,000 after purchasing an additional 33,608 shares in the last quarter. Bessemer Group Inc. increased its position in Interactive Brokers Group by 156.0% in the first quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock worth $263,097,000 after purchasing an additional 2,390,247 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Interactive Brokers Group during the second quarter valued at $210,639,000. Amundi raised its stake in Interactive Brokers Group by 62.4% during the first quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock valued at $163,197,000 after purchasing an additional 934,843 shares in the last quarter. Finally, Progeny 3 Inc. raised its stake in Interactive Brokers Group by 3.1% during the first quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock valued at $147,262,000 after purchasing an additional 65,880 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on IBKR shares. UBS Group restated a “neutral” rating and set a $101.00 target price (down from $102.00) on shares of Interactive Brokers Group in a research report on Wednesday, October 7th. Wells Fargo & Company began coverage on Interactive Brokers Group in a research note on Friday, October 2nd. They issued an “overweight” rating and a $102.00 price objective for the company. Barclays reiterated an “overweight” rating and issued a $115.00 target price (up from $114.00) on shares of Interactive Brokers Group in a report on Wednesday, October 7th. Piper Sandler set a $109.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 22nd. Finally, Raymond James Financial began coverage on Interactive Brokers Group in a report on Wednesday, August 26th. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.18.

Interactive Brokers Group Stock Down 3.8%

Shares of Interactive Brokers Group stock opened at $84.14 on Thursday. The stock’s fifty day moving average is $90.43 and its two-hundred day moving average is $87.00. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75. The company has a market capitalization of $143.16 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.55 and a beta of 1.37.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%. The business’s revenue for the quarter was up 28.1% compared to the same quarter last year. During the same period last year, the company earned $0.51 earnings per share. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Tuesday, September 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.00%.

Key Interactive Brokers Group News

Here are the key news stories impacting Interactive Brokers Group this week:

• Positive Sentiment: Analysts expect IBKR’s third-quarter results to benefit from robust customer trading, higher net interest income and continued client growth. However, rising operating expenses could limit earnings leverage. Increased Trading Activity, Higher NII Likely to Aid IBKR Q3 Earnings
• Positive Sentiment: The upcoming earnings report could exceed expectations if unusually active summer-market trading was not fully reflected in forecasts, providing a possible near-term upside catalyst. Interactive Brokers Group’s Next Earnings Report Tomorrow Could Send the Stock Soaring
• Positive Sentiment: IBKR launched cryptocurrency staking for eligible clients, expanding its digital-asset offering. The service, along with AI-enabled tools and global reach, could improve customer engagement and create additional revenue opportunities. Interactive Brokers Group Launches Cryptocurrency Staking
• Positive Sentiment: Evercore initiated coverage with an “outperform” rating and a $100 price target, implying meaningful upside from the referenced share price. IBKR was also included among fintech stocks positioned to benefit from digital payments, AI and expanding financial services. Evercore Initiates Coverage on Interactive Brokers Group
• Negative Sentiment: Investors may remain cautious because operating costs are increasing and the stock’s valuation leaves less room for disappointment. The recent pullback likely reflects elevated expectations ahead of earnings, despite broadly bullish analyst commentary.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.