Entropy Technologies LP Reduces Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Entropy Technologies LP decreased its stake in Interactive Brokers Group by 44.0%, holding 5,091 shares worth approximately $843,000 after selling 3,997 shares during the first quarter.
• Interactive Brokers reported $1.48 billion in revenue for the last quarter, surpassing analysts' expectations of $1.37 billion, with earnings per share of $0.51, exceeding estimates by $0.05.
• The firm declared a quarterly dividend of $0.08 per share, reflecting an annualized dividend of $0.32 and a yield of 0.5%, with the payout ratio currently at 16.49%.

Entropy Technologies LP lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 44.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,091 shares of the financial services provider's stock after selling 3,997 shares during the period. Entropy Technologies LP's holdings in Interactive Brokers Group were worth $843,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in Interactive Brokers Group by 45.6% in the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after buying an additional 349,255 shares during the period. Fiduciary Family Office LLC purchased a new stake in Interactive Brokers Group in the 1st quarter worth about $2,407,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Interactive Brokers Group by 308.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 164,514 shares of the financial services provider's stock worth $27,242,000 after acquiring an additional 124,241 shares during the period. Measured Wealth Private Client Group LLC increased its position in shares of Interactive Brokers Group by 4.4% during the first quarter. Measured Wealth Private Client Group LLC now owns 3,012 shares of the financial services provider's stock worth $499,000 after acquiring an additional 127 shares during the period. Finally, Townsquare Capital LLC boosted its holdings in shares of Interactive Brokers Group by 31.1% in the first quarter. Townsquare Capital LLC now owns 6,843 shares of the financial services provider's stock valued at $1,133,000 after purchasing an additional 1,625 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider owned 461,500 shares in the company, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 233,972 shares of company stock valued at $15,746,449 in the last three months. Corporate insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Performance

IBKR traded down $0.61 during trading on Friday, hitting $63.31. The stock had a trading volume of 2,783,175 shares, compared to its average volume of 7,149,134. Interactive Brokers Group, Inc. has a twelve month low of $30.01 and a twelve month high of $68.07. The stock has a 50 day simple moving average of $58.73 and a two-hundred day simple moving average of $51.55. The company has a market capitalization of $107.03 billion, a PE ratio of 32.55, a PEG ratio of 2.59 and a beta of 1.22.

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

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be given a $0.08 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's dividend payout ratio is 16.49%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on IBKR shares. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Piper Sandler increased their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays increased their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Finally, Citigroup lifted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Profile

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.