Interactive Brokers Group, Inc. $IBKR Shares Sold by WBI Investments LLC

Key Points

• WBI Investments LLC reduced its holdings in Interactive Brokers Group, Inc. by 39.5%, owning 19,000 shares valued at approximately $3.15 million as of its latest SEC filing.
• Insider Vice Chairman Earl H. Nemser sold 194,086 shares at an average price of $67.49, decreasing his ownership by 29.60%.
• Analysts have a consensus rating of Moderate Buy on IBKR, with price targets ranging from $60.00 to $73.00.

WBI Investments LLC lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 39.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,000 shares of the financial services provider's stock after selling 12,409 shares during the period. Interactive Brokers Group comprises approximately 0.8% of WBI Investments LLC's holdings, making the stock its 23rd biggest holding. WBI Investments LLC's holdings in Interactive Brokers Group were worth $3,146,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Interactive Brokers Group in the 1st quarter valued at $26,000. City Holding Co. purchased a new stake in Interactive Brokers Group during the 1st quarter worth $33,000. Nvwm LLC purchased a new stake in Interactive Brokers Group during the 1st quarter worth $33,000. ASR Vermogensbeheer N.V. purchased a new stake in Interactive Brokers Group during the 1st quarter worth $33,000. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Interactive Brokers Group during the 1st quarter worth $43,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated 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 transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul Jonathan Brody sold 107,493 shares of Interactive Brokers Group stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $61.87, for a total transaction of $6,650,591.91. Following the completion of the transaction, the chief financial officer directly owned 892,507 shares of the company's stock, valued at $55,219,408.09. This trade represents a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 446,371 shares of company stock valued at $28,954,715 over the last ninety days. Company insiders own 2.97% of the company's stock.

Interactive Brokers Group Stock Up 0.6%

Shares of IBKR traded up $0.36 during midday trading on Friday, hitting $63.70. The company had a trading volume of 3,395,904 shares, compared to its average volume of 10,073,987. The company's 50 day moving average price is $62.73 and its 200 day moving average price is $52.52. The stock has a market cap of $108.04 billion, a price-to-earnings ratio of 32.75, a PEG ratio of 2.58 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52 week low of $31.07 and a 52 week high of $68.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The company's revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 EPS. Equities 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 declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Monday, September 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Analyst Ratings Changes

Several research firms recently issued reports on IBKR. Barclays lifted their price target on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research note on Friday, July 18th. Citigroup lifted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Seven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $59.38.

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.