Emmett Investment Management LP Has $8.77 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Emmett Investment Management LP decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 30.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,480 shares of the financial services provider’s stock after selling 56,400 shares during the quarter. Interactive Brokers Group makes up about 6.3% of Emmett Investment Management LP’s investment portfolio, making the stock its 5th largest position. Emmett Investment Management LP’s holdings in Interactive Brokers Group were worth $8,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Ballentine Partners LLC raised its stake in 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. Caitlin John LLC boosted its stake in shares of Interactive Brokers Group by 0.6% in the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 153 shares in the last quarter. Petra Financial Advisors Inc. grew its holdings in shares of Interactive Brokers Group by 1.7% in the 3rd quarter. Petra Financial Advisors Inc. now owns 10,221 shares of the financial services provider’s stock worth $703,000 after purchasing an additional 167 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Interactive Brokers Group by 18.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,180 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 180 shares during the last quarter. Finally, Pullen Investment Management LLC increased its position in shares of Interactive Brokers Group by 1.0% during the 3rd 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 in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 400,000 shares of company stock valued at $30,725,122 over the last three months. Company insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 1.1%

Interactive Brokers Group stock opened at $66.19 on Friday. The stock has a 50-day simple moving average of $72.65 and a 200 day simple moving average of $68.34. The stock has a market capitalization of $112.27 billion, a price-to-earnings ratio of 29.88, a P/E/G ratio of 1.85 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share 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 firm had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter last year, the company posted $0.51 EPS. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is 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.