Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Lowered by Cantillon Capital Management LLC

Cantillon Capital Management LLC trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,728,869 shares of the financial services provider's stock after selling 90,760 shares during the period. Interactive Brokers Group comprises approximately 2.1% of Cantillon Capital Management LLC's portfolio, making the stock its 25th biggest holding. Cantillon Capital Management LLC owned about 0.89% of Interactive Brokers Group worth $309,123,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IBKR. FMR LLC lifted its holdings in shares of Interactive Brokers Group by 211.7% during the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider's stock valued at $153,517,000 after buying an additional 1,204,573 shares during the last quarter. Invesco Ltd. lifted its stake in Interactive Brokers Group by 234.6% in the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider's stock valued at $49,104,000 after acquiring an additional 397,729 shares during the last quarter. Vanguard Group Inc. grew its position in Interactive Brokers Group by 3.3% in the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider's stock worth $828,105,000 after acquiring an additional 308,236 shares in the last quarter. Polar Capital Holdings Plc acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth $18,025,000. Finally, Greenwich Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 6.5% during the 3rd quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider's stock valued at $269,882,000 after purchasing an additional 189,555 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded up $0.98 during trading on Friday, hitting $120.11. 566,894 shares of the company's stock traded hands, compared to its average volume of 1,146,873. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $122.88. The company has a market cap of $50.57 billion, a PE ratio of 20.36, a PEG ratio of 1.22 and a beta of 0.81. The firm's fifty day moving average price is $112.34 and its 200 day moving average price is $95.95.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.63 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to analysts' expectations of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a $0.25 dividend. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.10. The ex-dividend date is Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.83%. Interactive Brokers Group's dividend payout ratio is presently 17.09%.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 50,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $101.07, for a total value of $5,053,500.00. Following the completion of the transaction, the insider now directly owns 158,770 shares of the company's stock, valued at $16,046,883.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 50,000 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $101.07, for a total value of $5,053,500.00. Following the completion of the sale, the insider now owns 158,770 shares in the company, valued at approximately $16,046,883.90. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $6,613,100 in the last quarter. 3.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several recent research reports. Piper Sandler raised their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, April 12th. Citigroup boosted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, April 11th. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. Bank of America upped their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Finally, Barclays lifted their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has an average rating of "Moderate Buy" and a consensus target price of $124.00.

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.

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