Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Firetrail Investments PTY Ltd.

Key Points

• Firetrail Investments PTY Ltd. has reduced its stake in Interactive Brokers Group by 18.8%, now owning 107,300 shares valued at approximately $17.96 million.
• Interactive Brokers Group recently reported a profit of $0.51 per share for the last quarter, exceeding analysts' expectations and showing a 14.7% increase in revenue from the previous year.
• The company announced a quarterly dividend of $0.08 per share, with a dividend yield of 0.49%, signifying a payout ratio of 16.49%.

Firetrail Investments PTY Ltd. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 18.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,300 shares of the financial services provider's stock after selling 24,919 shares during the period. Interactive Brokers Group comprises about 5.2% of Firetrail Investments PTY Ltd.'s holdings, making the stock its 5th largest position. Firetrail Investments PTY Ltd.'s holdings in Interactive Brokers Group were worth $17,960,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd boosted its stake in shares of Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after acquiring an additional 53 shares in the last quarter. City Holding Co. bought a new stake in shares of Interactive Brokers Group during the 1st quarter worth about $33,000. Bellwether Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $35,000. LGT Financial Advisors LLC boosted its stake in shares of Interactive Brokers Group by 596.7% during the 4th quarter. LGT Financial Advisors LLC now owns 209 shares of the financial services provider's stock worth $37,000 after acquiring an additional 179 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new stake in shares of Interactive Brokers Group during the 1st quarter worth about $43,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 0.1%

Shares of IBKR stock traded up $0.05 during mid-day trading on Tuesday, reaching $65.44. The stock had a trading volume of 2,573,217 shares, compared to its average volume of 7,398,738. The firm's 50 day simple moving average is $55.37 and its 200 day simple moving average is $50.13. Interactive Brokers Group, Inc. has a one year low of $25.92 and a one year high of $66.61. The firm has a market cap of $110.63 billion, a PE ratio of 33.64, a P/E/G ratio of 2.70 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the company earned $1.76 EPS. The company's quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced 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 is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.49%. Interactive Brokers Group's payout ratio is presently 16.49%.

Analysts Set New Price Targets

Several analysts have recently issued reports on IBKR shares. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Citigroup increased their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Bank of America decreased their target price on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Barclays increased their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.