Wellington Management Group LLP Sells 2,392,651 Shares of Interactive Brokers Group, Inc. $IBKR

Wellington Management Group LLP decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 7,382,141 shares of the financial services provider’s stock after selling 2,392,651 shares during the period. Wellington Management Group LLP’s holdings in Interactive Brokers Group were worth $642,542,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC grew its holdings in Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 2,713 shares during the period. Brown Advisory Inc. raised its holdings in shares of Interactive Brokers Group by 307.9% during the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 10,943 shares during the period. Cerity Partners LLC acquired a new position in shares of Interactive Brokers Group during the second quarter valued at about $318,000. Daiwa Securities Group Inc. raised its holdings in shares of Interactive Brokers Group by 291.2% during the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock valued at $1,973,000 after purchasing an additional 26,500 shares during the period. Finally, AXA S.A. boosted its position in shares of Interactive Brokers Group by 128.1% during the 2nd quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 7,197 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 0.7%

Shares of Interactive Brokers Group stock opened at $95.84 on Friday. The company has a market capitalization of $163.06 billion, a P/E ratio of 38.34, a price-to-earnings-growth ratio of 1.77 and a beta of 1.34. The stock has a fifty day simple moving average of $92.11 and a 200 day simple moving average of $82.56. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to analysts’ expectations 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 was up 28.1% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. On average, analysts predict that Interactive Brokers Group, Inc. will post 2.68 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.00%.

Analyst Ratings Changes

IBKR has been the subject of several recent research reports. Bank of America boosted their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. China Renaissance initiated coverage on Interactive Brokers Group in a report on Tuesday, July 7th. They issued a “hold” rating on the stock. Weiss Ratings raised shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, July 15th. Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, July 22nd. Finally, Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.89.

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.