Pacer Advisors Inc. Lowers Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Pacer Advisors Inc. cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 65.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,097 shares of the financial services provider's stock after selling 18,898 shares during the quarter. Pacer Advisors Inc.'s holdings in Interactive Brokers Group were worth $1,672,000 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. Aster Capital Management DIFC Ltd grew its position in shares of Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. City Holding Co. purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $33,000. Bellwether Advisors LLC purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at $35,000. LGT Financial Advisors LLC grew its position in shares of Interactive Brokers Group by 596.7% in the fourth quarter. LGT Financial Advisors LLC now owns 209 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 179 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in shares of Interactive Brokers Group in the first quarter valued at $43,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 39,786 shares of the firm's stock in a transaction on 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 sale, the insider directly owned 360,114 shares in the company, valued at approximately $23,904,367.32. This trade represents a 9.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.97% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on IBKR. Bank of America dropped their price objective 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. Citigroup lifted their price objective 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. Wall Street Zen raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Barclays lifted their price objective 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. Finally, Piper Sandler lifted their price target on Interactive Brokers Group from $45.50 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.38.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded down $1.95 on Friday, reaching $63.61. 7,972,286 shares of the company's stock traded hands, compared to its average volume of 5,473,302. The firm has a market cap of $107.53 billion, a price-to-earnings ratio of 32.70, a P/E/G ratio of 2.71 and a beta of 1.22. The stock has a 50 day moving average price of $56.43 and a 200-day moving average price of $50.60. Interactive Brokers Group, Inc. has a fifty-two week low of $25.92 and a fifty-two week high of $66.82.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results 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 net margin of 9.78% and a return on equity of 4.92%. The business had revenue of $1.48 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the company earned $1.76 earnings per share. The company's quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group's dividend payout ratio is 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.