Interactive Brokers Group, Inc. $IBKR is WINTON GROUP Ltd’s 8th Largest Position

WINTON GROUP Ltd cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 312,823 shares of the financial services provider’s stock after selling 68,507 shares during the period. Interactive Brokers Group accounts for 0.8% of WINTON GROUP Ltd’s holdings, making the stock its 8th biggest holding. WINTON GROUP Ltd’s holdings in Interactive Brokers Group were worth $21,525,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock worth $2,316,715,000 after buying an additional 31,458,885 shares during the period. State Street Corp increased its holdings in shares of Interactive Brokers Group by 301.3% in the 2nd quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after acquiring an additional 11,360,260 shares during the period. Greenwich Wealth Management LLC raised its position in shares of Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after acquiring an additional 8,159,175 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of 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 worth $562,328,000 after purchasing an additional 7,051,682 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its position in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $66.70 on Monday. The business’s 50-day moving average is $72.42 and its 200 day moving average is $68.21. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $79.18. The firm has a market capitalization of $113.13 billion, a P/E ratio of 30.11, a P/E/G ratio of 1.87 and a beta of 1.23.

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

Interactive Brokers Group Announces Dividend

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

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. This represents a 48.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.