Cetera Investment Advisers Has $6.51 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Cetera Investment Advisers reduced its stake in Interactive Brokers Group by 11.6% during the first quarter, holding 39,322 shares valued at approximately $6.51 million as of the latest SEC filing.
• Interactive Brokers Group reported a quarterly EPS of $0.51, exceeding analysts' expectations, with revenue of $1.48 billion for the quarter, reflecting a 14.7% year-over-year increase.
• The firm announced a quarterly dividend of $0.08 per share, with a payout ratio of 16.49%, and it will be paid on September 12th to shareholders recorded by September 1st.

Cetera Investment Advisers trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 11.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,322 shares of the financial services provider's stock after selling 5,170 shares during the quarter. Cetera Investment Advisers' holdings in Interactive Brokers Group were worth $6,511,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Interactive Brokers Group by 151.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider's stock worth $48,000 after acquiring an additional 157 shares during the last quarter. Orion Portfolio Solutions LLC bought a new position in Interactive Brokers Group during the 4th quarter worth approximately $242,000. Arrowstreet Capital Limited Partnership bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth approximately $12,015,000. O Shaughnessy Asset Management LLC increased its position in Interactive Brokers Group by 30.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,167 shares of the financial services provider's stock valued at $1,973,000 after acquiring an additional 2,596 shares during the period. Finally, Summit Financial LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at $257,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 39,786 shares of the business's stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $66.38, for a total transaction of $2,640,994.68. Following the completion of the sale, the insider owned 360,114 shares in the company, valued at $23,904,367.32. The trade was a 9.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.97% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Piper Sandler lifted their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Citigroup lifted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Bank of America decreased their target price on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, Barclays raised their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Price Performance

IBKR stock traded down $0.26 during trading hours on Wednesday, reaching $63.45. 1,546,684 shares of the stock were exchanged, compared to its average volume of 7,279,829. The firm's 50-day moving average is $56.91 and its 200-day moving average is $50.87. The company has a market cap of $107.26 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 2.68 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $28.05 and a 12 month high of $66.82.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. Interactive Brokers Group's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.76 EPS. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio (DPR) 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.