Interactive Brokers Group, Inc. $IBKR Stake Decreased by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd reduced its Interactive Brokers Group stake by 1.4% in the third quarter, selling 74,808 shares and retaining 5.18 million shares valued at approximately $442.8 million.
• Institutional ownership remains significant, with hedge funds and other institutional investors holding 23.8% of IBKR’s outstanding stock; several other firms increased their positions during recent quarters.
• Analysts maintain a generally positive outlook, with the stock rated “Moderate Buy” and an average price target of $103.18, while IBKR recently reported quarterly earnings and revenue above consensus estimates.

Ninety One UK Ltd reduced its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,183,881 shares of the financial services provider's stock after selling 74,808 shares during the quarter. Interactive Brokers Group accounts for 1.0% of Ninety One UK Ltd's portfolio, making the stock its 27th biggest holding. Ninety One UK Ltd owned about 0.30% of Interactive Brokers Group worth $442,807,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nykredit A S purchased a new stake in shares of Interactive Brokers Group during the 2nd quarter valued at about $15,348,000. Engineers Gate Manager LP grew its stake in shares of Interactive Brokers Group by 831.3% in the second quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider's stock worth $9,432,000 after acquiring an additional 96,724 shares during the period. TD Waterhouse Canada Inc. raised its holdings in shares of Interactive Brokers Group by 79.4% during the second quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider's stock valued at $48,185,000 after purchasing an additional 228,716 shares during the last quarter. AXQ Capital LP raised its holdings in shares of Interactive Brokers Group by 69.6% during the second quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider's stock valued at $3,922,000 after purchasing an additional 18,499 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Interactive Brokers Group by 30.1% during the first quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider's stock valued at $14,038,000 after purchasing an additional 48,443 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings cut Interactive Brokers Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, October 2nd. Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 24th. CICC Research upped their price target on shares of Interactive Brokers Group from $90.00 to $110.00 and gave the company an "outperform" rating in a research report on Thursday, July 23rd. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a "hold" rating and a $99.90 price objective on the stock. Finally, Piper Sandler set a $109.00 price objective on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $103.18.

Interactive Brokers Group Trading Up 0.2%

NASDAQ IBKR traded up $0.17 on Thursday, hitting $84.31. 2,591,529 shares of the company traded hands, compared to its average volume of 4,664,510. The business's 50 day moving average price is $90.43 and its 200-day moving average price is $87.00. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $98.75. The company has a market capitalization of $143.44 billion, a price-to-earnings ratio of 33.73, a P/E/G ratio of 1.55 and a beta of 1.37.

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 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.51 earnings per share. The business's revenue for the quarter was up 28.1% compared to the same quarter last year. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and custody services to individual investors, financial advisors, hedge funds, proprietary trading firms, family offices and other institutional clients. The company offers access to a broad range of markets and financial instruments, including stocks, options, futures, currencies, bonds, exchange-traded funds and mutual funds.

Interactive Brokers provides its services through digital platforms such as Trader Workstation, IBKR Mobile and Client Portal, along with application programming interfaces for clients seeking automated or integrated trading capabilities.

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