Interactive Brokers Group, Inc. $IBKR Shares Sold by AWH Capital L.P.

Key Points

• AWH Capital L.P. reduced its stake in Interactive Brokers Group by 20.8%, selling 7,655 shares, and now holds 29,095 shares, which is 7.0% of its portfolio.
• Interactive Brokers Group reported $1.48 billion in quarterly revenue, surpassing analyst expectations, and achieved an earnings per share of $0.51.
• The company declared a quarterly dividend of $0.08 per share, equating to an annualized yield of 0.5% with a dividend payout ratio of 16.49%.

AWH Capital L.P. decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,095 shares of the financial services provider's stock after selling 7,655 shares during the period. Interactive Brokers Group accounts for approximately 7.0% of AWH Capital L.P.'s holdings, making the stock its 6th largest position. AWH Capital L.P.'s holdings in Interactive Brokers Group were worth $4,818,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $26,000. City Holding Co. bought a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. Nvwm LLC bought a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. ASR Vermogensbeheer N.V. bought a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $33,000. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Interactive Brokers Group in the 1st quarter valued at about $43,000. Institutional investors own 23.80% of the company's stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the sale, the insider owned 461,500 shares in the company, valued at $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 233,972 shares of company stock worth $15,746,449 in the last three months. Insiders own 2.97% of the company's stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of research analyst reports. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Barclays lifted their price target on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Citigroup lifted their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Piper Sandler lifted their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Trading Down 6.4%

Shares of NASDAQ:IBKR traded down $4.12 during trading on Friday, reaching $60.16. 11,584,850 shares of the stock were exchanged, compared to its average volume of 10,156,816. Interactive Brokers Group, Inc. has a 12 month low of $30.01 and a 12 month high of $68.07. The firm has a market cap of $102.04 billion, a PE ratio of 30.93, a PEG ratio of 2.45 and a beta of 1.23. The stock has a 50-day moving average price of $62.19 and a 200-day moving average price of $52.18.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the company posted $1.76 earnings per share. The business's revenue was up 14.7% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be 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 is Friday, August 29th. Interactive Brokers Group's payout ratio is currently 16.49%.

About Interactive Brokers Group

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.