Victory Capital Management Inc. Sells 13,144 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Victory Capital Management Inc. trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 6.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 183,398 shares of the financial services provider's stock after selling 13,144 shares during the period. Victory Capital Management Inc.'s holdings in Interactive Brokers Group were worth $30,369,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Wealthfront Advisers LLC grew its position in Interactive Brokers Group by 12.1% in the first quarter. Wealthfront Advisers LLC now owns 25,303 shares of the financial services provider's stock worth $4,190,000 after acquiring an additional 2,724 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Interactive Brokers Group by 109.4% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 14,451 shares of the financial services provider's stock worth $2,393,000 after buying an additional 7,550 shares during the period. TimesSquare Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 36.3% during the 1st quarter. TimesSquare Capital Management LLC now owns 392,250 shares of the financial services provider's stock worth $64,953,000 after buying an additional 104,450 shares during the period. Florida Financial Advisors LLC acquired a new position in Interactive Brokers Group during the 1st quarter valued at $444,000. Finally, Securian Asset Management Inc. raised its stake in Interactive Brokers Group by 1.2% during the 1st quarter. Securian Asset Management Inc. now owns 8,331 shares of the financial services provider's stock valued at $1,380,000 after purchasing an additional 100 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 1.1%

Shares of IBKR stock traded up $0.69 during trading on Thursday, hitting $64.01. The company had a trading volume of 1,887,672 shares, compared to its average volume of 7,443,911. The stock's 50-day moving average is $54.33 and its two-hundred day moving average is $49.63. The stock has a market capitalization of $108.20 billion, a price-to-earnings ratio of 32.93, a price-to-earnings-growth ratio of 2.57 and a beta of 1.25. Interactive Brokers Group, Inc. has a 52 week low of $25.92 and a 52 week high of $65.74.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results 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 business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the firm earned $1.76 earnings per share. Interactive Brokers Group's revenue for the quarter was up 14.7% on a year-over-year basis. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS 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 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 yield of 0.50%. Interactive Brokers Group's payout ratio is 16.49%.

Wall Street Analysts Forecast Growth

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