New Age Alpha Advisors LLC Cuts Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• New Age Alpha Advisors LLC cut its stake in Interactive Brokers Group by 61.2% in the fourth quarter, selling 39,908 shares and leaving it with 25,335 shares worth about $1.63 million.
• Wall Street sentiment remains generally positive: analysts now show a Moderate Buy consensus with an average price target of $83.25, even as Zacks downgraded the stock to hold and several firms raised targets.
• Interactive Brokers reported Q1 EPS of $0.60, beating estimates, and also raised its quarterly dividend to $0.0875 per share from $0.08.

New Age Alpha Advisors LLC lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 61.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,335 shares of the financial services provider's stock after selling 39,908 shares during the period. New Age Alpha Advisors LLC's holdings in Interactive Brokers Group were worth $1,629,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $27,000. Entrust Financial LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $31,000. Tucker Asset Management LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $32,000. Lloyd Advisory Services LLC. purchased a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $33,000. Finally, Blue Trust Inc. increased its stake in shares of Interactive Brokers Group by 236.0% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 472 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on IBKR shares. Zacks Research lowered Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 24th. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a "market perform" rating and a $75.00 price target for the company. Barclays boosted their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 22nd. BMO Capital Markets boosted their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $83.25.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the business's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Down 2.3%

NASDAQ:IBKR opened at $80.95 on Thursday. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $88.44. The stock has a 50 day moving average of $76.36 and a two-hundred day moving average of $71.77. The firm has a market cap of $137.32 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.29 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. During the same period in the previous year, the business earned $1.94 EPS. Interactive Brokers Group's quarterly revenue was up 17.0% on a year-over-year basis. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.0875 per share. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 15.09%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc NASDAQ: IBKR is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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