Interactive Brokers Group, Inc. $IBKR Shares Sold by Emmett Investment Management LP

Emmett Investment Management LP lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 30.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,480 shares of the financial services provider’s stock after selling 56,400 shares during the quarter. Interactive Brokers Group accounts for about 6.3% of Emmett Investment Management LP’s investment portfolio, making the stock its 5th largest position. Emmett Investment Management LP’s holdings in Interactive Brokers Group were worth $8,768,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $27,000. N.E.W. Advisory Services LLC grew its stake in shares of 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 acquiring an additional 474 shares during the last quarter. Ramsey Quantitative Systems bought a new position in Interactive Brokers Group during the second quarter worth $44,000. Darwin Wealth Management LLC bought a new position in Interactive Brokers Group during the second quarter worth $45,000. Finally, SBI Securities Co. Ltd. raised its stake in Interactive Brokers Group by 252.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,000 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 716 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 400,000 shares of company stock valued at $30,725,122 over the last quarter. Insiders own 2.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IBKR. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company 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. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Trading Down 1.1%

Shares of NASDAQ IBKR opened at $66.19 on Friday. The firm has a market capitalization of $112.27 billion, a price-to-earnings ratio of 29.88, a PEG ratio of 1.85 and a beta of 1.23. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The business has a fifty day simple moving average of $72.65 and a 200 day simple moving average of $68.34.

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

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 14.48%.

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.