Cantillon Capital Management LLC Lowers Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Cantillon Capital Management cut its stake in Interactive Brokers Group by 11.9% in the first quarter, selling 1.51 million shares. Even after the sale, IBKR remained its fourth-largest position at about 5% of the portfolio.
• Interactive Brokers reported better-than-expected quarterly EPS of $0.60, topping estimates by $0.03, while revenue rose 17% year over year to $1.68 billion. Analysts are currently looking for full-year EPS of 2.55.
• The company also raised its quarterly dividend to $0.0875 per share from $0.08, and analysts overall maintain a Moderate Buy rating with an average price target of $93.89.

Cantillon Capital Management LLC lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 11.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,245,881 shares of the financial services provider's stock after selling 1,514,023 shares during the quarter. Interactive Brokers Group accounts for about 5.0% of Cantillon Capital Management LLC's investment portfolio, making the stock its 4th largest position. Cantillon Capital Management LLC owned 0.66% of Interactive Brokers Group worth $754,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. HM Payson & Co. grew its position in Interactive Brokers Group by 5.8% in the fourth quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider's stock valued at $155,000 after acquiring an additional 133 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider's stock worth $738,000 after acquiring an additional 143 shares in the last quarter. S&CO Inc. lifted its holdings in shares of Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider's stock valued at $4,056,000 after acquiring an additional 160 shares during the period. Thrive Wealth Management LLC lifted its holdings in shares of Interactive Brokers Group by 1.8% during the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider's stock valued at $586,000 after acquiring an additional 162 shares during the period. Finally, Fifth Third Wealth Advisors LLC boosted its stake in shares of Interactive Brokers Group by 2.0% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider's stock valued at $533,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $90.53 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $58.95 and a twelve month high of $97.84. The firm has a market cap of $153.57 billion, a PE ratio of 39.02, a price-to-earnings-growth ratio of 2.07 and a beta of 1.33. The business has a fifty day moving average of $89.43 and a 200-day moving average of $78.57.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The business had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The firm's quarterly revenue was up 17.0% on a year-over-year basis. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 2.55 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a dividend of $0.0875 per share. The ex-dividend date was Monday, June 1st. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 15.09%.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares of the company's stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. Piper Sandler set a $105.00 target price on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a report on Wednesday. China Renaissance began coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a "hold" rating on the stock. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a "market perform" rating and a $75.00 price target on the stock. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average target price of $93.89.

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.

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