Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by TCW Group Inc.

Key Points

• TCW Group Inc. has reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.6% during the first quarter, now holding 19,030 shares valued at approximately $3,151,000.
• Wall Street analysts have a consensus rating of "Moderate Buy" for IBKR shares, with target prices ranging from $53.00 to $66.25 following recent adjustments by firms such as Bank of America and Goldman Sachs.
• Interactive Brokers Group reported earnings of $0.51 per share for the last quarter, exceeding the consensus estimate by $0.05, and announced a quarterly dividend of $0.08 per share to be paid on September 12th.

TCW Group Inc. reduced its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,030 shares of the financial services provider's stock after selling 5,866 shares during the quarter. TCW Group Inc.'s holdings in Interactive Brokers Group were worth $3,151,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Interactive Brokers Group by 151.0% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 261 shares of the financial services provider's stock worth $48,000 after purchasing an additional 157 shares during the last quarter. Orion Portfolio Solutions LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $242,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $12,015,000. Kennondale Capital Management LLC lifted its position in shares of Interactive Brokers Group by 172.7% during the 1st quarter. Kennondale Capital Management LLC now owns 19,419 shares of the financial services provider's stock worth $3,216,000 after buying an additional 12,299 shares during the last quarter. Finally, ExodusPoint Capital Management LP boosted its holdings in shares of Interactive Brokers Group by 55.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 49,232 shares of the financial services provider's stock valued at $8,698,000 after buying an additional 17,628 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on IBKR shares. Bank of America cut their price target on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Piper Sandler boosted their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Citigroup raised their price target on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Finally, Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Stock Up 1.2%

NASDAQ IBKR opened at $65.50 on Monday. The firm has a market cap of $110.73 billion, a P/E ratio of 33.68, a P/E/G ratio of 2.70 and a beta of 1.25. Interactive Brokers Group, Inc. has a 52-week low of $25.92 and a 52-week high of $65.96. The business's 50-day moving average price is $55.10 and its 200 day moving average price is $49.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The company's revenue was up 14.7% on a year-over-year basis. During the same period last year, the business posted $1.76 EPS. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be paid a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 annualized dividend and a yield of 0.49%. Interactive Brokers Group's dividend payout ratio is currently 16.49%.

Interactive Brokers Group Company 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.

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