SkyView Investment Advisors LLC Sells 110,074 Shares of Interactive Brokers Group, Inc. $IBKR

SkyView Investment Advisors LLC reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 87.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the financial services provider’s stock after selling 110,074 shares during the quarter. Interactive Brokers Group makes up 1.1% of SkyView Investment Advisors LLC’s holdings, making the stock its 27th largest position. SkyView Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $1,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in IBKR. Fiduciary Financial Group LLC lifted its position in shares of Interactive Brokers Group by 3.1% during the second quarter. Fiduciary Financial Group LLC now owns 3,968 shares of the financial services provider’s stock valued at $345,000 after buying an additional 118 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of Interactive Brokers Group by 0.9% in the 1st quarter. Gamco Investors INC. ET AL now owns 17,475 shares of the financial services provider’s stock worth $1,172,000 after buying an additional 150 shares during the last quarter. Forefront Wealth Partners LLC grew its position in shares of Interactive Brokers Group by 2.1% in the 4th quarter. Forefront Wealth Partners LLC now owns 8,175 shares of the financial services provider’s stock worth $526,000 after buying an additional 169 shares during the last quarter. Sumitomo Life Insurance Co. raised its stake in shares of Interactive Brokers Group by 0.3% during the 4th quarter. Sumitomo Life Insurance Co. now owns 58,550 shares of the financial services provider’s stock worth $3,765,000 after acquiring an additional 170 shares in the last quarter. Finally, FourThought Financial Partners LLC raised its stake in shares of Interactive Brokers Group by 1.9% during the 4th quarter. FourThought Financial Partners LLC now owns 9,245 shares of the financial services provider’s stock worth $595,000 after acquiring an additional 172 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.7%

Shares of Interactive Brokers Group stock opened at $90.75 on Tuesday. The firm has a market capitalization of $154.40 billion, a P/E ratio of 36.30, a PEG ratio of 1.69 and a beta of 1.35. The company has a 50 day moving average price of $92.00 and a 200 day moving average price of $83.94. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. Interactive Brokers Group’s revenue was up 28.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.51 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Tuesday, September 1st. Interactive Brokers Group’s payout ratio is presently 14.00%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on IBKR shares. Bank of America raised their target price on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. The Goldman Sachs Group set a $113.00 price target on Interactive Brokers Group and gave the stock a “buy” rating in a research report on Tuesday, September 1st. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Interactive Brokers Group in a report on Wednesday, September 2nd. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, UBS Group downgraded Interactive Brokers Group from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $50.00 to $102.00 in a research note on Tuesday, September 1st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $98.90.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.