Bellwether Advisors LLC Trims Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Bellwether Advisors LLC lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 30.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,330 shares of the financial services provider’s stock after selling 15,872 shares during the quarter. Bellwether Advisors LLC’s holdings in Interactive Brokers Group were worth $2,500,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Cresset Asset Management LLC lifted its position in shares of Interactive Brokers Group by 10.7% during the third quarter. Cresset Asset Management LLC now owns 66,223 shares of the financial services provider’s stock worth $4,557,000 after purchasing an additional 6,390 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new position in shares of Interactive Brokers Group in the third quarter worth about $299,000. Kingsview Wealth Management LLC purchased a new position in Interactive Brokers Group in the 3rd quarter worth about $220,000. Journey Strategic Wealth LLC lifted its holdings in Interactive Brokers Group by 6.0% during the 3rd quarter. Journey Strategic Wealth LLC now owns 7,617 shares of the financial services provider’s stock valued at $524,000 after buying an additional 434 shares in the last quarter. Finally, Waverton Investment Management Ltd lifted its holdings in Interactive Brokers Group by 10.8% during the 3rd quarter. Waverton Investment Management Ltd now owns 4,922,936 shares of the financial services provider’s stock valued at $338,772,000 after buying an additional 481,693 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 3.2%

IBKR opened at $69.40 on Wednesday. The firm has a market cap of $117.71 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 2.01 and a beta of 1.23. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $79.18. The stock has a fifty day moving average price of $72.30 and a 200-day moving average price of $68.10.

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

Interactive Brokers Group Announces Dividend

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 dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s payout ratio is 14.48%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. 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. BMO Capital Markets lifted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $76.39.

Insider Buying and Selling

In other Interactive Brokers Group 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 shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 over the last three months. 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.