Quinn Opportunity Partners LLC Sells 236,000 Shares of Interactive Brokers Group, Inc. $IBKR

Quinn Opportunity Partners LLC lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 75.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 75,000 shares of the financial services provider’s stock after selling 236,000 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in Interactive Brokers Group were worth $5,161,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IBKR. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the third quarter worth 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. Smithfield Trust Co grew its stake in shares of Interactive Brokers Group by 124.0% in the second quarter. Smithfield Trust Co now owns 764 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 423 shares during the last quarter. Sittner & Nelson LLC increased its position in Interactive Brokers Group by 300.0% during the second quarter. Sittner & Nelson LLC now owns 788 shares of the financial services provider’s stock worth $44,000 after acquiring an additional 591 shares during the period. Finally, Ramsey Quantitative Systems bought a new position in Interactive Brokers Group during the second quarter worth $44,000. 23.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. 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. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average 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 1.87 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 $68.30.

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. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 earnings per share. 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 disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is currently owned by insiders.

About Interactive Brokers Group

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.