Atria Investments Inc Sells 6,717 Shares of Interactive Brokers Group, Inc. $IBKR

Atria Investments Inc decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 89,262 shares of the financial services provider’s stock after selling 6,717 shares during the quarter. Atria Investments Inc’s holdings in Interactive Brokers Group were worth $6,142,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ballentine Partners LLC lifted its holdings 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 worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Huntington National Bank boosted its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the period. SBI Securities Co. Ltd. lifted its holdings in Interactive Brokers Group by 18.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,180 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 180 shares during the last quarter. Pullen Investment Management LLC grew its position in Interactive Brokers Group by 1.0% during the third quarter. Pullen Investment Management LLC now owns 19,748 shares of the financial services provider’s stock worth $1,359,000 after buying an additional 200 shares in the last quarter. Finally, World Investment Advisors increased its stake in Interactive Brokers Group by 3.0% in the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock valued at $471,000 after acquiring an additional 202 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Up 2.3%

Shares of Interactive Brokers Group stock opened at $74.75 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18. The company has a market cap of $126.79 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.04 and a beta of 1.24. The company’s 50-day moving average price is $70.31 and its 200-day moving average price is $67.38.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results 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. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IBKR. CICC Research assumed coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective for the company. Weiss Ratings reaffirmed 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 shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $76.39.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The stock was 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 $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.97% of the company’s stock.

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.