New Age Alpha Advisors LLC Has $3.69 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Key Points

• New Age Alpha Advisors LLC has significantly reduced its holdings in Interactive Brokers Group by 63.8%, now owning approximately $3.69 million in stock after selling over 39,000 shares in the first quarter.
• Several institutional investors have initiated or increased their stakes in Interactive Brokers, with ownership by such entities now at 23.80%.
• Research analysts have generally positive views on Interactive Brokers, with a consensus rating of "Moderate Buy" and several price target increases, the highest being $65.00 from Piper Sandler.

New Age Alpha Advisors LLC lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 63.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 22,285 shares of the financial services provider's stock after selling 39,343 shares during the period. New Age Alpha Advisors LLC's holdings in Interactive Brokers Group were worth $3,690,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of Interactive Brokers Group by 91.4% during 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 period. GAMMA Investing LLC raised its position in Interactive Brokers Group by 22,211.1% during the first quarter. GAMMA Investing LLC now owns 423,910 shares of the financial services provider's stock valued at $701,950,000 after buying an additional 422,010 shares during the period. Fullerton Fund Management Co Ltd. acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $69,057,000. Two Sigma Advisers LP raised its holdings in shares of Interactive Brokers Group by 456.0% during the fourth 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 grew its stake in shares of Interactive Brokers Group by 343.9% in the 4th quarter. Two Sigma Investments LP now owns 489,175 shares of the financial services provider's stock valued at $86,423,000 after buying an additional 378,981 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 39,786 shares of the stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $66.38, for a total transaction of $2,640,994.68. Following the completion of the sale, the insider owned 360,114 shares of the company's stock, valued at $23,904,367.32. This represents a 9.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.97% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on IBKR shares. Citigroup increased their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Barclays boosted their price objective on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a report on Friday, July 18th. Bank of America reduced their target price on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Piper Sandler boosted their price target on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $59.38.

Interactive Brokers Group Trading Up 0.7%

Interactive Brokers Group stock traded up $0.43 during mid-day trading on Thursday, hitting $64.25. The stock had a trading volume of 3,356,525 shares, compared to its average volume of 5,667,334. Interactive Brokers Group, Inc. has a 12 month low of $28.40 and a 12 month high of $66.82. The stock has a 50-day simple moving average of $57.37 and a two-hundred day simple moving average of $51.07. The stock has a market capitalization of $108.61 billion, a PE ratio of 33.03, a P/E/G ratio of 2.60 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. The business had revenue of $1.48 billion during 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 firm's revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.76 earnings per share. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a $0.08 dividend. The ex-dividend date 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 currently 16.49%.

About Interactive Brokers Group

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.