Cozad Asset Management Inc. Lowers Holdings in Interactive Brokers Group, Inc. $IBKR

Cozad Asset Management Inc. lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 209,139 shares of the financial services provider’s stock after selling 7,203 shares during the period. Interactive Brokers Group comprises about 1.1% of Cozad Asset Management Inc.’s portfolio, making the stock its 21st largest holding. Cozad Asset Management Inc.’s holdings in Interactive Brokers Group were worth $14,391,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of IBKR. Vanguard Group Inc. raised its position in Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after acquiring an additional 31,458,885 shares in the last quarter. State Street Corp grew its stake in shares of Interactive Brokers Group by 301.3% during the 2nd quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after purchasing an additional 11,360,260 shares during the period. Greenwich Wealth Management LLC increased its holdings in shares of Interactive Brokers Group by 301.6% during the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after purchasing an additional 8,159,175 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Interactive Brokers Group by 227.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after purchasing an additional 7,051,682 shares during the period. Finally, Orbis Allan Gray Ltd boosted its holdings in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after buying an additional 6,246,715 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insiders Place Their Bets

In other Interactive Brokers Group 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 transaction of $11,288,250.00. Following the sale, the insider owned 155,000 shares of the company’s stock, valued at $12,066,750. The trade was a 48.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 400,000 shares of company stock valued at $30,725,122. Company insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IBKR shares. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $76.39.

Interactive Brokers Group Stock Up 0.5%

IBKR opened at $71.92 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 50-day moving average price of $71.52 and a 200 day moving average price of $67.85. The company has a market cap of $121.99 billion, a PE ratio of 32.47, a price-to-earnings-growth ratio of 2.00 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the firm posted $0.51 EPS. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid 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 dividend 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.