Interactive Brokers Group, Inc. $IBKR Position Trimmed by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P has reduced its holdings in Interactive Brokers Group, Inc. by 10.4%, now owning 72,432 shares worth approximately $11.99 million.
• A significant increase in holdings was observed by American Century Companies Inc., which grew its stake by 1,476.3% to 1,433,981 shares valued at $237.45 million.
• Interactive Brokers recently declared a quarterly dividend of $0.08 per share, representing a 0.5% yield and a payout ratio of 16.49%.

Martingale Asset Management L P trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 10.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,432 shares of the financial services provider's stock after selling 8,422 shares during the period. Martingale Asset Management L P's holdings in Interactive Brokers Group were worth $11,994,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Private Advisor Group LLC grew its position in shares of Interactive Brokers Group by 176.2% during the 1st quarter. Private Advisor Group LLC now owns 4,762 shares of the financial services provider's stock valued at $789,000 after buying an additional 3,038 shares during the last quarter. Kennondale Capital Management LLC boosted its stake in Interactive Brokers Group by 172.7% in the first quarter. Kennondale Capital Management LLC now owns 19,419 shares of the financial services provider's stock valued at $3,216,000 after acquiring an additional 12,299 shares during the period. Bayforest Capital Ltd boosted its stake in Interactive Brokers Group by 33.5% in the first quarter. Bayforest Capital Ltd now owns 3,873 shares of the financial services provider's stock valued at $641,000 after acquiring an additional 971 shares during the period. American Century Companies Inc. grew its holdings in shares of Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider's stock valued at $237,453,000 after purchasing an additional 1,343,007 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Interactive Brokers Group during the 1st quarter worth approximately $4,206,000. 23.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction 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 trade represents a 29.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders have sold 233,972 shares of company stock valued at $15,746,449. 2.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent research reports. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays raised their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Citigroup boosted their price target 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. Piper Sandler upped their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Price Performance

IBKR opened at $62.46 on Thursday. The business has a 50 day moving average price of $59.64 and a two-hundred day moving average price of $51.81. The company has a market capitalization of $105.94 billion, a price-to-earnings ratio of 32.11, a price-to-earnings-growth ratio of 2.54 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1-year low of $30.01 and a 1-year high of $68.07.

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

Interactive Brokers Group Announces Dividend

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 given a $0.08 dividend. The ex-dividend date is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Interactive Brokers Group Company 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.

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