Interactive Brokers Group, Inc. $IBKR Stock Holdings Reduced by Heartland Advisors Inc.

Heartland Advisors Inc. cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 53.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,802 shares of the financial services provider’s stock after selling 10,106 shares during the period. Heartland Advisors Inc.’s holdings in Interactive Brokers Group were worth $606,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in IBKR. Ballentine Partners LLC raised its position in Interactive Brokers Group by 1.0% during the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 145 shares in the last quarter. Petra Financial Advisors Inc. increased its stake in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. Petra Financial Advisors Inc. now owns 10,221 shares of the financial services provider’s stock worth $703,000 after purchasing an additional 167 shares during the last quarter. Huntington National Bank raised its holdings 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 valued at $29,000 after purchasing an additional 176 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Interactive Brokers Group by 18.0% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,180 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 180 shares during the last quarter. Finally, Pullen Investment Management LLC lifted its stake in shares of Interactive Brokers Group by 1.0% in the 3rd quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock valued at $1,359,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 400,000 shares of company stock valued at $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Down 2.0%

IBKR stock opened at $73.29 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The company has a market cap of $124.31 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.09 and a beta of 1.24. The business’s 50-day simple moving average is $70.64 and its 200 day simple moving average is $67.54.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued 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 14.48%.

Analysts Set New Price Targets

Several equities analysts have weighed in on IBKR shares. BMO Capital Markets raised their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. CICC Research assumed coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target on the stock. Finally, Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Buy” and an average price target of $76.39.

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.