Premier Fund Managers Ltd Sells 52,575 Shares of Interactive Brokers Group, Inc. $IBKR

Premier Fund Managers Ltd lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 20.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 203,625 shares of the financial services provider’s stock after selling 52,575 shares during the quarter. Premier Fund Managers Ltd’s holdings in Interactive Brokers Group were worth $13,237,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of IBKR. National Pension Service boosted its position in shares of Interactive Brokers Group by 2.2% during the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after purchasing an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Interactive Brokers Group by 36.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 7,234 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of Interactive Brokers Group by 15.0% during the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after purchasing an additional 15,684 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after purchasing an additional 68,148 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $2,468,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $87.04 on Thursday. The stock has a market cap of $147.65 billion, a price-to-earnings ratio of 37.52, a PEG ratio of 2.32 and a beta of 1.32. Interactive Brokers Group, Inc. has a fifty-two week low of $44.44 and a fifty-two week high of $87.34. The firm’s 50-day simple moving average is $71.96 and its 200 day simple moving average is $70.15.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $1.94 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a $0.0875 dividend. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on IBKR. 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. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Jefferies Financial Group cut their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. Finally, The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.25.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

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.