Penserra Capital Management LLC Has $81,000 Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Penserra Capital Management LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 94.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 495 shares of the financial services provider’s stock after selling 9,110 shares during the period. Penserra Capital Management LLC’s holdings in Interactive Brokers Group were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IBKR. Aster Capital Management DIFC Ltd increased its stake in Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. City Holding Co. bought a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $33,000. Bellwether Advisors LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $35,000. LGT Financial Advisors LLC grew its stake in shares of Interactive Brokers Group by 596.7% during the 4th quarter. LGT Financial Advisors LLC now owns 209 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 179 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA bought a new position in shares of Interactive Brokers Group during the 1st quarter worth approximately $43,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

IBKR stock opened at $59.60 on Tuesday. The company has a market capitalization of $100.75 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 2.70 and a beta of 1.25. Interactive Brokers Group, Inc. has a one year low of $25.92 and a one year high of $59.74. The company’s 50 day moving average price is $52.34 and its two-hundred day moving average price is $48.88.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IBKR shares. Wall Street Zen raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Piper Sandler decreased their price objective on shares of Interactive Brokers Group from $52.50 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Bank of America decreased 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. Citigroup upped their price target 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. Finally, Barclays reissued an “overweight” rating and issued a $65.00 target price on shares of Interactive Brokers Group in a report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $56.25.

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.