Interactive Brokers Group, Inc. $IBKR Shares Sold by Edgestream Partners L.P.

Key Points

• Edgestream Partners cut its Interactive Brokers stake by 55.6% in the first quarter, selling 46,803 shares and retaining 37,399 shares valued at approximately $2.51 million.
• Other major institutions, including State Street, Wellington Management, Orbis Allan Gray and Invesco, increased their positions; institutional investors and hedge funds collectively own 23.8% of IBKR.
• Interactive Brokers reported quarterly EPS of $0.69, beating estimates by $0.05, while revenue rose 28.1% year over year to $1.88 billion. Analysts maintain a consensus “Moderate Buy” rating with a $96.89 target price.

Edgestream Partners L.P. decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,399 shares of the financial services provider's stock after selling 46,803 shares during the quarter. Edgestream Partners L.P.'s holdings in Interactive Brokers Group were worth $2,508,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Interactive Brokers Group by 1.0% during the fourth quarter. State Street Corp now owns 18,836,521 shares of the financial services provider's stock valued at $1,211,377,000 after purchasing an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC grew its position in Interactive Brokers Group by 0.8% in the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider's stock valued at $820,589,000 after buying an additional 95,878 shares in the last quarter. Wellington Management Group LLP increased its stake in Interactive Brokers Group by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider's stock valued at $750,110,000 after buying an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd increased its stake in Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider's stock valued at $539,697,000 after buying an additional 6,246,715 shares during the period. Finally, Invesco Ltd. increased its stake in Interactive Brokers Group by 44.1% during the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider's stock valued at $533,026,000 after buying an additional 2,534,772 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBKR has been the subject of a number of research analyst reports. BMO Capital Markets reaffirmed an "outperform" rating and issued a $110.00 price target (up from $105.00) on shares of Interactive Brokers Group in a research note on Wednesday, July 22nd. Barclays set a $114.00 price objective on shares of Interactive Brokers Group and gave the company an "overweight" rating in a research note on Wednesday, July 22nd. Weiss Ratings raised Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, July 15th. Piper Sandler set a $109.00 target price on Interactive Brokers Group in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group cut their target price on Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating for the company in a research report on Monday, April 6th. Two research 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $96.89.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $87.99 on Monday. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84. The stock has a market cap of $149.26 billion, a PE ratio of 35.20, a price-to-earnings-growth ratio of 1.62 and a beta of 1.34. The company's 50-day moving average price is $90.68 and its two-hundred day moving average price is $80.14.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The business's revenue for the quarter was up 28.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 14th. Investors of record on Tuesday, September 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Tuesday, September 1st. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.00%.

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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