Jefferies Financial Group Inc. Has $1.34 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• Jefferies Financial Group Inc. has reduced its stake in Interactive Brokers Group by 66.1%, now holding 8,076 shares valued at approximately $1.34 million.
• Interactive Brokers reported a significant 14.7% year-over-year increase in revenue, totaling $1.48 billion for the recent quarter, exceeding analysts' expectations.
• The company declared a quarterly dividend of $0.08 per share, with a dividend yield of 0.5%, set to be paid on September 12th to stockholders of record.

Jefferies Financial Group Inc. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 66.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,076 shares of the financial services provider's stock after selling 15,781 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Interactive Brokers Group were worth $1,337,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of IBKR. Bank of America Corp DE raised its stake in Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock valued at $413,226,000 after purchasing an additional 1,117,186 shares during the last quarter. GAMMA Investing LLC grew its stake in Interactive Brokers Group by 22,211.1% during the 1st quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock worth $701,950,000 after buying an additional 422,010 shares during the last quarter. Fullerton Fund Management Co Ltd. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth $69,057,000. Two Sigma Advisers LP boosted its stake in shares of Interactive Brokers Group by 456.0% during the 4th quarter. Two Sigma Advisers LP now owns 465,900 shares of the financial services provider's stock worth $82,311,000 after acquiring an additional 382,100 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Interactive Brokers Group by 343.9% in the fourth quarter. Two Sigma Investments LP now owns 489,175 shares of the financial services provider's stock valued at $86,423,000 after purchasing an additional 378,981 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Trading Up 2.5%

Shares of NASDAQ IBKR traded up $1.60 during midday trading on Friday, hitting $65.85. The company's stock had a trading volume of 2,080,975 shares, compared to its average volume of 7,227,608. Interactive Brokers Group, Inc. has a 12-month low of $28.63 and a 12-month high of $66.82. The business's 50 day moving average is $57.37 and its two-hundred day moving average is $51.07. The firm has a market cap of $111.31 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 2.60 and a beta of 1.22.

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 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the business posted $1.76 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company 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 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 presently 16.49%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 39,786 shares of the stock in a transaction dated Wednesday, July 30th. The shares were sold at an average price of $66.38, for a total value of $2,640,994.68. Following the completion of the transaction, the insider directly owned 360,114 shares of the company's stock, valued at approximately $23,904,367.32. This trade represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.97% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent analyst reports. Citigroup boosted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays upped their target price on Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Finally, Bank of America lowered their target price on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

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.