Cercano Management LLC Has $5.35 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Cercano Management LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 68.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,749 shares of the financial services provider’s stock after selling 170,430 shares during the quarter. Cercano Management LLC’s holdings in Interactive Brokers Group were worth $5,350,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in Interactive Brokers Group by 26.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock worth $3,637,234,000 after purchasing an additional 11,048,679 shares during the last quarter. State Street Corp raised its stake in Interactive Brokers Group by 301.3% during the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after buying an additional 11,360,260 shares during the last quarter. Cantillon Capital Management LLC lifted its holdings in Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after buying an additional 9,509,805 shares during the period. Greenwich Wealth Management LLC boosted its position in Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after acquiring an additional 8,159,175 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after acquiring an additional 7,051,682 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 400,000 shares of company stock worth $30,725,122 in the last 90 days. Insiders own 2.97% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $73.29 on Wednesday. The company has a fifty day moving average of $70.64 and a 200-day moving average of $67.54. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18. The company has a market capitalization of $124.31 billion, a P/E ratio of 33.09, a P/E/G ratio of 2.09 and a beta of 1.24.

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

Interactive Brokers Group Dividend Announcement

The business also recently declared 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 dividend on an annualized basis 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 presently 14.48%.

Analysts Set New Price Targets

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

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.