Interactive Brokers Group, Inc. $IBKR Shares Sold by Burney Co.

Key Points

• Burney Co. cut its stake in Interactive Brokers by 67.2% in Q4, selling 32,449 shares and retaining 15,863 shares valued at about $1.02 million.
• Insider selling has been significant: Vice Chairman Earl H. Nemser sold 60,200 shares for $4.53 million on Jan. 27, and insiders disposed of 400,000 shares (~$30.7 million) over the past 90 days, leaving insiders with 2.8% ownership.
• Interactive Brokers beat Q4 expectations with EPS of $0.65 vs. $0.50 and revenue of $1.64 billion (+18.5% YoY); analysts hold a consensus "Moderate Buy" rating with a $76.97 target.

Burney Co. lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,863 shares of the financial services provider's stock after selling 32,449 shares during the period. Burney Co.'s holdings in Interactive Brokers Group were worth $1,020,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Interactive Brokers Group by 3.4% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 5,181 shares of the financial services provider's stock valued at $333,000 after acquiring an additional 170 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Interactive Brokers Group by 25.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,385,951 shares of the financial services provider's stock valued at $89,131,000 after acquiring an additional 283,474 shares during the last quarter. Successful Portfolios LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $1,431,000. Coerente Capital Management purchased a new position in Interactive Brokers Group during the fourth quarter worth about $1,147,000. Finally, Ritholtz Wealth Management lifted its position in Interactive Brokers Group by 5.5% during the fourth quarter. Ritholtz Wealth Management now owns 8,746 shares of the financial services provider's stock worth $562,000 after buying an additional 453 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 400,000 shares of company stock valued at $30,725,122 in the last ninety days. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Performance

IBKR stock opened at $74.55 on Tuesday. Interactive Brokers Group, Inc. has a 1 year low of $38.10 and a 1 year high of $79.18. The firm has a market cap of $126.46 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.00 and a beta of 1.25. The stock has a 50-day simple moving average of $70.43 and a 200-day simple moving average of $69.12.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The company's revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.08 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group's dividend payout ratio (DPR) is 14.48%.

Analysts Set New Price Targets

Several research firms recently weighed in on IBKR. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Jefferies Financial Group reduced their target price on Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Barclays increased their target price on Interactive Brokers Group from $83.00 to $85.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 8th. Finally, Zacks Research downgraded Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.97.

Interactive Brokers Group Company 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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