Lansing Management LP Has $23.26 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Lansing Management LP lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 15.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 337,985 shares of the financial services provider’s stock after selling 61,751 shares during the period. Interactive Brokers Group accounts for 16.9% of Lansing Management LP’s portfolio, making the stock its 2nd largest holding. Lansing Management LP’s holdings in Interactive Brokers Group were worth $23,257,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group during the 3rd quarter valued at $27,000. N.E.W. Advisory Services LLC boosted its holdings in Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 474 shares in the last quarter. Ramsey Quantitative Systems acquired a new position in Interactive Brokers Group during the second quarter worth $44,000. Darwin Wealth Management LLC acquired a new position in Interactive Brokers Group during the second quarter worth $45,000. Finally, SBI Securities Co. Ltd. raised its holdings in Interactive Brokers Group by 252.1% during the second quarter. SBI Securities Co. Ltd. now owns 1,000 shares of the financial services provider’s stock valued at $55,000 after buying an additional 716 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several recent analyst reports. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. BMO Capital Markets boosted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” 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, Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Trading Up 3.2%

Shares of NASDAQ:IBKR opened at $68.28 on Tuesday. 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 $115.81 billion, a PE ratio of 30.83, a PEG ratio of 1.85 and a beta of 1.23. The business’s 50 day moving average is $72.58 and its 200-day moving average is $68.42.

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

Interactive Brokers Group Dividend Announcement

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

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 400,000 shares of company stock worth $30,725,122. 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.