Interactive Brokers Group, Inc. $IBKR Stock Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 23.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,481,243 shares of the financial services provider’s stock after selling 752,408 shares during the period. Bank of New York Mellon Corp owned about 0.15% of Interactive Brokers Group worth $170,734,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IBKR. Huntington National Bank boosted its stake in shares of Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new stake in shares of Interactive Brokers Group during the second quarter valued at $32,000. Private Wealth Asset Management LLC boosted its position in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 435 shares during the period. N.E.W. Advisory Services LLC increased its stake in Interactive Brokers Group by 300.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 474 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Interactive Brokers Group by 1,051.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock worth $42,000 after buying an additional 694 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. The trade was a 48.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the subject of several recent analyst reports. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. CICC Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $76.39.

Interactive Brokers Group Trading Down 1.0%

IBKR opened at $74.88 on Friday. The stock has a fifty day moving average price of $68.19 and a 200 day moving average price of $66.53. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $78.80. The stock has a market cap of $127.01 billion, a price-to-earnings ratio of 33.81, a PEG ratio of 2.12 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s payout ratio is currently 14.48%.

About Interactive Brokers Group

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.