Bares Capital Management Inc. Sells 468,149 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bares Capital Management Inc. lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 15.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,596,671 shares of the financial services provider’s stock after selling 468,149 shares during the quarter. Interactive Brokers Group comprises approximately 7.6% of Bares Capital Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Bares Capital Management Inc. owned 0.62% of Interactive Brokers Group worth $214,381,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the first quarter valued at approximately $26,000. Belpointe Asset Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Banque Cantonale Vaudoise bought a new position in shares of Interactive Brokers Group in the first quarter valued at approximately $31,000. Eagle Bay Advisors LLC bought a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $31,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Interactive Brokers Group by 45.4% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 573 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 179 shares in the last quarter. Institutional investors and hedge funds own 21.56% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $94.47 on Tuesday. The company has a market cap of $39.77 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79. Interactive Brokers Group, Inc. has a 52 week low of $62.70 and a 52 week high of $95.59. The firm has a 50 day simple moving average of $88.88 and a 200 day simple moving average of $83.11.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, July 18th. The financial services provider reported $1.32 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.08). The firm had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.06 billion. Interactive Brokers Group had a net margin of 8.14% and a return on equity of 4.41%. The firm’s revenue was up 52.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 5.62 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Friday, September 1st will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Interactive Brokers Group’s payout ratio is 8.16%.

Analyst Ratings Changes

IBKR has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $104.00 to $106.00 in a report on Monday, June 5th. Barclays increased their price objective on shares of Interactive Brokers Group from $97.00 to $106.00 in a report on Thursday, July 13th. Finally, StockNews.com started coverage on shares of Interactive Brokers Group in a report on Thursday, August 17th. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $113.60.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.