Penserra Capital Management LLC Cuts Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Penserra Capital Management LLC cut its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 94.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 495 shares of the financial services provider's stock after selling 9,110 shares during the period. Penserra Capital Management LLC's holdings in Interactive Brokers Group were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBKR. Aster Capital Management DIFC Ltd boosted its stake in Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after buying an additional 53 shares during the last quarter. City Holding Co. purchased a new stake in Interactive Brokers Group in the first quarter valued at $33,000. Bellwether Advisors LLC purchased a new stake in Interactive Brokers Group in the fourth quarter valued at $35,000. LGT Financial Advisors LLC raised its position in 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 during the period. Finally, Compagnie Lombard Odier SCmA purchased a new stake in Interactive Brokers Group in the first quarter valued at $43,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock traded down $0.18 on Wednesday, hitting $59.45. The stock had a trading volume of 5,977,651 shares, compared to its average volume of 5,823,606. The firm has a market capitalization of $100.50 billion, a P/E ratio of 32.18, a P/E/G ratio of 2.75 and a beta of 1.25. Interactive Brokers Group, Inc. has a 1 year low of $25.92 and a 1 year high of $60.35. The company's 50 day moving average price is $53.22 and its 200-day moving average price is $49.13.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Interactive Brokers Group had a return on equity of 4.97% and a net margin of 9.53%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on IBKR. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Barclays restated an "overweight" rating and issued a $65.00 target price on shares of Interactive Brokers Group in a research report on Thursday, July 10th. Citigroup lifted their target price on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Piper Sandler lifted their target price on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research report on Tuesday. Finally, Bank of America cut their price objective on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average target price of $58.38.

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.