Interactive Brokers Group, Inc. $IBKR Shares Sold by Hosking Partners LLP

Key Points

• Hosking Partners reduced its Interactive Brokers stake by 10.5%, selling 110,991 shares in the third quarter and retaining 950,149 shares worth approximately $81.2 million. Institutional investors overall own 23.8% of IBKR.
• Interactive Brokers reported quarterly revenue of $1.87 billion, up 15.6% year over year, while earnings of $0.67 per share matched analyst estimates.
• The company increased its quarterly dividend from $0.0875 to $0.15 per share. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $102.87 versus the reported share price of $85.33.

Hosking Partners LLP lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,149 shares of the financial services provider's stock after selling 110,991 shares during the period. Interactive Brokers Group makes up 2.8% of Hosking Partners LLP's investment portfolio, making the stock its 6th largest holding. Hosking Partners LLP owned about 0.06% of Interactive Brokers Group worth $81,162,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of New York Mellon Corp bought a new stake in shares of Interactive Brokers Group in the 2nd quarter worth approximately $210,639,000. Bessemer Group Inc. grew its stake in shares of Interactive Brokers Group by 156.0% in the 1st quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider's stock worth $263,097,000 after buying an additional 2,390,247 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Interactive Brokers Group by 2,707.9% during the 1st quarter. Assenagon Asset Management S.A. now owns 1,192,749 shares of the financial services provider's stock valued at $79,998,000 after buying an additional 1,150,271 shares in the last quarter. Amundi increased its position in Interactive Brokers Group by 62.4% during the 1st quarter. Amundi now owns 2,433,236 shares of the financial services provider's stock valued at $163,197,000 after buying an additional 934,843 shares in the last quarter. Finally, Vontobel Holding Ltd. increased its position in Interactive Brokers Group by 1,240.2% during the 3rd quarter. Vontobel Holding Ltd. now owns 405,261 shares of the financial services provider's stock valued at $34,617,000 after buying an additional 375,022 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 2.9%

Interactive Brokers Group stock opened at $85.33 on Thursday. The firm has a market cap of $145.18 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 1.35 and a beta of 1.37. The stock has a fifty day simple moving average of $89.87 and a two-hundred day simple moving average of $87.62. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same period in the prior year, the company posted $0.57 earnings per share. The company's quarterly revenue was up 15.6% on a year-over-year basis. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 14th. Shareholders of record on Tuesday, December 1st will be given a $0.15 dividend. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.0875. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 dividend on an annualized basis and a yield of 0.7%. Interactive Brokers Group's payout ratio is presently 23.08%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a "buy" rating and issued a $111.00 target price on shares of Interactive Brokers Group in a research note on Thursday, October 1st. Barclays set a $117.00 price target on Interactive Brokers Group and gave the stock an "overweight" rating in a research report on Friday, October 16th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating on shares of Interactive Brokers Group in a research report on Wednesday, September 2nd. Evercore started coverage on shares of Interactive Brokers Group in a research note on Monday, October 12th. They issued an "outperform" rating and a $100.00 price target on the stock. Finally, Rothschild & Co Redburn increased their price objective on shares of Interactive Brokers Group from $94.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus target price of $102.87.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.

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