Voya Investment Management LLC Reduces Holdings in Interactive Brokers Group, Inc. $IBKR

Key Points

• Voya Investment Management LLC sold 98,999 shares of Interactive Brokers Group, reducing its stake by 38.5%, leaving them with 158,427 shares valued at approximately $26.23 million.
• Analysts are optimistic about Interactive Brokers Group, with multiple firms increasing their price targets; for instance, Barclays raised theirs to $73.00 and Piper Sandler to $65.00.
• The company declared a quarterly dividend of $0.08 per share, which translates to an annual yield of 0.5%, reflecting a dividend payout ratio of 16.49%.

Voya Investment Management LLC cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 38.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 158,427 shares of the financial services provider's stock after selling 98,999 shares during the quarter. Voya Investment Management LLC's holdings in Interactive Brokers Group were worth $26,234,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in IBKR. Focus Partners Wealth bought a new position in Interactive Brokers Group in the 4th quarter worth $385,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Interactive Brokers Group by 50.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,046 shares of the financial services provider's stock worth $186,000 after purchasing an additional 350 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Interactive Brokers Group by 13.4% in the 4th quarter. Quantinno Capital Management LP now owns 3,591 shares of the financial services provider's stock worth $634,000 after purchasing an additional 424 shares in the last quarter. ProShare Advisors LLC raised its holdings in Interactive Brokers Group by 7.4% in the 4th quarter. ProShare Advisors LLC now owns 5,094 shares of the financial services provider's stock worth $900,000 after purchasing an additional 350 shares in the last quarter. Finally, Raiffeisen Bank International AG bought a new position in Interactive Brokers Group in the 4th quarter worth $611,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

IBKR stock traded up $0.11 during trading on Friday, hitting $65.03. 8,097,957 shares of the stock traded hands, compared to its average volume of 10,297,098. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $68.07. The firm's 50 day moving average is $63.27 and its two-hundred day moving average is $52.96. The stock has a market cap of $110.30 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 2.64 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $1.76 EPS. Interactive Brokers Group's revenue for the quarter was up 14.7% on a year-over-year basis. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Monday, September 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 29th. Interactive Brokers Group's dividend payout ratio is 16.49%.

Analyst Ratings Changes

Several brokerages have commented on IBKR. Barclays upped 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. Citigroup increased their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Piper Sandler increased 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 note on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.38.

Insider Transactions at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 116,861 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $64.73, for a total transaction of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares of the company's stock, valued at $10,289,092.42. This trade represents a 42.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Earl H. Nemser sold 194,086 shares of the firm's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,075,018 shares of company stock worth $68,746,758. Insiders own 2.97% of the company's stock.

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.