Interactive Brokers Group, Inc. $IBKR Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.7% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 777,463 shares of the financial services provider’s stock after selling 37,934 shares during the period. Victory Capital Management Inc.’s holdings in Interactive Brokers Group were worth $53,497,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Murphy & Mullick Capital Management Corp purchased a new position in shares of Interactive Brokers Group during the third quarter worth about $27,000. Huntington National Bank raised its stake in Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 176 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Interactive Brokers Group during the 2nd quarter worth approximately $32,000. N.E.W. Advisory Services LLC lifted its position in Interactive Brokers Group by 300.0% during the 2nd 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 during the period. Finally, Rialto Wealth Management LLC grew its stake in shares of Interactive Brokers Group by 306.4% in the 2nd quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 576 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 2.0%

NASDAQ IBKR opened at $66.70 on Friday. The business’s 50 day moving average is $72.42 and its two-hundred day moving average is $68.13. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18. The stock has a market capitalization of $113.13 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 1.90 and a beta of 1.23.

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

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Analysts Set New Price Targets

IBKR has been the subject of several analyst reports. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated 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 company an “overweight” rating in a research note on Wednesday, January 21st. Finally, BMO Capital Markets raised their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $76.39.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction 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 SEC, which can be accessed through this hyperlink. Insiders sold a total of 400,000 shares of company stock valued at $30,725,122 over the last three months. 2.97% of the stock is currently owned by company insiders.

Interactive Brokers Group Company 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.