Militia Capital Partners LP Has $2.32 Million Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Militia Capital Partners LP reduced its holdings in Interactive Brokers Group by 32.2%, owning 14,000 shares worth approximately $2.3 million after selling 6,645 shares.
• Insider sales included Vice Chairman Earl H. Nemser selling 194,086 shares for over $13 million, while CFO Paul Jonathan Brody sold 107,493 shares valued at around $6.65 million.
• Interactive Brokers Group announced a quarterly dividend of $0.08, with an ex-dividend date of August 29 and a market cap of $107.43 billion.

Militia Capital Partners LP lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 32.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,000 shares of the financial services provider's stock after selling 6,645 shares during the quarter. Interactive Brokers Group comprises about 1.8% of Militia Capital Partners LP's investment portfolio, making the stock its 15th largest position. Militia Capital Partners LP's holdings in Interactive Brokers Group were worth $2,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 2.8% in the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider's stock worth $1,714,108,000 after purchasing an additional 280,004 shares in the last quarter. American Century Companies Inc. raised its position 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 worth $237,453,000 after acquiring an additional 1,343,007 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Interactive Brokers Group by 13.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider's stock worth $203,710,000 after acquiring an additional 145,870 shares during the last quarter. Invesco Ltd. raised its position in shares of Interactive Brokers Group by 45.6% during the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider's stock worth $184,668,000 after acquiring an additional 349,255 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Interactive Brokers Group by 8.7% during the first quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider's stock worth $157,770,000 after acquiring an additional 76,283 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent research reports. Barclays boosted their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Citigroup increased their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Piper Sandler increased their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a report on Tuesday, July 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $59.38.

Interactive Brokers Group Stock Down 0.7%

Shares of NASDAQ:IBKR traded down $0.41 during mid-day trading on Wednesday, reaching $62.07. 1,884,750 shares of the stock were exchanged, compared to its average volume of 7,458,516. The company has a market cap of $105.27 billion, a P/E ratio of 31.92, a P/E/G ratio of 2.53 and a beta of 1.23. Interactive Brokers Group, Inc. has a one year low of $32.31 and a one year high of $68.07. The stock's 50 day simple moving average is $62.94 and its 200-day simple moving average is $52.68.

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

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 16.49%.

Insider Buying and Selling

In other news, CFO Paul Jonathan Brody sold 97,209 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $64.06, for a total value of $6,227,208.54. Following the completion of the sale, the chief financial officer directly owned 577,818 shares of the company's stock, valued at $37,015,021.08. This trade represents a 14.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction that occurred on 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 sale, the insider directly owned 461,500 shares of the company's stock, valued at approximately $31,146,635. The trade was a 29.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 656,154 shares of company stock valued at $42,299,977. Insiders own 2.97% of the company's stock.

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.