Zacks Investment Research cut shares of Interactive Brokers Group Inc. (NASDAQ:IBKR) from a hold rating to a sell rating in a report published on Tuesday morning.

According to Zacks, “Interactive Brokers’ Electronic Brokerage segment witnessed a decline in its August monthly metrics on a year-over-year basis. Further, the company’s dependence on Market Making segment for dividend payments remains a matter of concern, given the dismal performance of the same over the last few quarters. Also, intensifying competitive environment is likely to keep the company’s near-term profitability under pressure. Nonetheless, the company seems well positioned to capitalize on the available opportunities on the back of its better-than-peer positioning, adoption of technology and optimization of resource allocation in global electronic networks.”

Shares of Interactive Brokers Group (NASDAQ:IBKR) opened at 35.65 on Tuesday. The firm’s 50 day moving average is $35.35 and its 200 day moving average is $37.07. Interactive Brokers Group has a 52-week low of $29.50 and a 52-week high of $44.85. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 23.62 and a beta of 0.94.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 19th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company earned $369 million during the quarter, compared to the consensus estimate of $373.43 million. Interactive Brokers Group had a return on equity of 1.80% and a net margin of 6.35%. Equities analysts expect that Interactive Brokers Group will post $1.64 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, September 1st were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.12%. The ex-dividend date was Tuesday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 26.49%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Interactive Brokers Group during the fourth quarter valued at $19,429,000. Apex Capital Management boosted its position in shares of Interactive Brokers Group by 6.7% in the first quarter. Apex Capital Management now owns 1,013,920 shares of the company’s stock valued at $39,867,000 after buying an additional 63,319 shares during the last quarter. Aperio Group LLC boosted its position in shares of Interactive Brokers Group by 57.0% in the first quarter. Aperio Group LLC now owns 12,899 shares of the company’s stock valued at $507,000 after buying an additional 4,683 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Interactive Brokers Group by 3.6% in the first quarter. Prudential Financial Inc. now owns 137,449 shares of the company’s stock valued at $5,404,000 after buying an additional 4,800 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of Interactive Brokers Group by 120.8% in the first quarter. BlackRock Inc. now owns 4,829 shares of the company’s stock valued at $190,000 after buying an additional 2,642 shares during the last quarter. 84.67% of the stock is owned by institutional investors.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 100 electronic exchanges and trading venues around the world.

5 Day Chart for NASDAQ:IBKR

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