Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by M&T Bank Corp

M&T Bank Corp lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 39.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,510 shares of the financial services provider’s stock after selling 4,880 shares during the quarter. M&T Bank Corp’s holdings in Interactive Brokers Group were worth $1,244,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its stake in shares of 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 valued at $33,000 after buying an additional 53 shares during the period. Bellwether Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at $35,000. City Holding Co. acquired a new position in shares of Interactive Brokers Group during the 1st quarter valued at $33,000. LGT Financial Advisors LLC lifted its holdings 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 valued at $37,000 after acquiring an additional 179 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Interactive Brokers Group during the 1st quarter valued at $43,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 0.1%

Interactive Brokers Group stock opened at $59.63 on Wednesday. The firm has a 50-day moving average price of $52.93 and a two-hundred day moving average price of $49.05. The firm has a market capitalization of $100.80 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 2.75 and a beta of 1.25. Interactive Brokers Group, Inc. has a 52-week low of $25.92 and a 52-week high of $60.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.53% and a return on equity of 4.97%. Research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Analyst Ratings Changes

IBKR has been the subject of several research analyst reports. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $53.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 15th. Citigroup boosted their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research report on Monday, July 7th. Bank of America dropped their target price on shares of Interactive Brokers Group from $66.25 to $60.75 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Barclays reissued an “overweight” rating and issued a $65.00 target price on shares of Interactive Brokers Group in a research report on Thursday, July 10th. Finally, Piper Sandler boosted their target price on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $58.38.

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.