Interactive Brokers Group, Inc. $IBKR Shares Sold by Nisa Investment Advisors LLC

Key Points

• Nisa Investment Advisors LLC cut its stake in Interactive Brokers by 38.5% in Q4, selling 20,816 shares and leaving 33,209 shares valued at about $2.136 million.
• Insider selling has been significant: Vice Chairman Earl H. Nemser sold 60,200 shares at an average $75.30, and insiders sold 400,000 shares worth $30.7 million over the past 90 days, while insiders hold 2.8% of the stock.
• Interactive Brokers beat quarterly estimates with $0.65 EPS (vs. $0.50) and $1.64 billion revenue (up 18.5% YoY); the company has a $114.9 billion market cap, a consensus price target of $76.39, and a $0.08 quarterly dividend (0.5% yield).

Nisa Investment Advisors LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,209 shares of the financial services provider's stock after selling 20,816 shares during the quarter. Nisa Investment Advisors LLC's holdings in Interactive Brokers Group were worth $2,136,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 26.4% during the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider's stock worth $3,637,234,000 after purchasing an additional 11,048,679 shares during the period. State Street Corp grew its position in Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider's stock valued at $1,283,221,000 after buying an additional 3,517,729 shares during the last quarter. Wellington Management Group LLP grew its position in Interactive Brokers Group by 17.6% in 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 last quarter. Orbis Allan Gray Ltd increased its stake in Interactive Brokers Group by 178.8% in 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, Bank of America Corp DE increased its stake in Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider's stock valued at $420,834,000 after buying an additional 5,260,923 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $67.74 on Friday. The firm's fifty day simple moving average is $70.93 and its 200-day simple moving average is $68.76. The stock has a market cap of $114.91 billion, a PE ratio of 30.58, a price-to-earnings-growth ratio of 1.90 and a beta of 1.25. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18.

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

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is 14.48%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Zacks Research cut shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a research note on Wednesday, January 21st. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Wednesday, January 21st. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus price target of $76.39.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company's stock in a transaction that occurred on 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 legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. 2.80% of the stock is owned by insiders.

About Interactive Brokers Group

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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