Hudson Way Capital Management LLC Sells 116,255 Shares of Interactive Brokers Group, Inc. $IBKR

Hudson Way Capital Management LLC trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 17.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 567,819 shares of the financial services provider’s stock after selling 116,255 shares during the quarter. Interactive Brokers Group makes up approximately 3.3% of Hudson Way Capital Management LLC’s holdings, making the stock its 14th largest position. Hudson Way Capital Management LLC’s holdings in Interactive Brokers Group were worth $39,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Interactive Brokers Group by 26.4% in the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after purchasing an additional 11,048,679 shares during the period. State Street Corp grew its stake in shares of Interactive Brokers Group by 301.3% in the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after acquiring an additional 11,360,260 shares during the last quarter. Wellington Management Group LLP increased its stake in Interactive Brokers Group by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after purchasing an additional 1,630,620 shares in the last quarter. Greenwich Wealth Management LLC increased its position in shares of Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after acquiring an additional 8,159,175 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after purchasing an additional 7,051,682 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $66.19 on Monday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The stock has a fifty day moving average of $72.65 and a 200 day moving average of $68.38. The stock has a market cap of $112.27 billion, a PE ratio of 29.88, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.51 earnings per share. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.08 dividend. The ex-dividend date of this dividend was 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 presently 14.48%.

Wall Street Analysts Forecast Growth

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

Insider Transactions 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 transaction of $4,533,060.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 400,000 shares of company stock worth $30,725,122 in the last three months. Insiders own 2.97% of the company’s stock.

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.