Inspire Investing LLC trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 5.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191,790 shares of the financial services provider’s stock after selling 10,493 shares during the period. Interactive Brokers Group comprises about 1.1% of Inspire Investing LLC’s holdings, making the stock its 10th biggest position. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $12,334,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. HM Payson & Co. lifted its position in shares of Interactive Brokers Group by 5.8% during the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 133 shares during the period. Ashton Thomas Private Wealth LLC raised its position in shares of Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 143 shares during the last quarter. Caitlin John LLC raised its position in shares of Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares during the last quarter. S&CO Inc. raised its position in shares of Interactive Brokers Group by 0.3% during the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 160 shares during the last quarter. Finally, Thrive Wealth Management LLC raised its position in shares of Interactive Brokers Group by 1.8% during the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 162 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Stock Report on Interactive Brokers Group
Interactive Brokers Group Stock Performance
Shares of IBKR opened at $95.09 on Thursday. The stock has a fifty day moving average of $82.75 and a two-hundred day moving average of $74.17. The company has a market capitalization of $161.31 billion, a PE ratio of 40.99, a price-to-earnings-growth ratio of 2.57 and a beta of 1.32. Interactive Brokers Group, Inc. has a fifty-two week low of $49.30 and a fifty-two week high of $96.75.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The company had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.94 EPS. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.
Interactive Brokers Group Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were issued a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 15.09%.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.
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