Interactive Brokers Group, Inc. $IBKR Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 96.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 42,478 shares of the financial services provider’s stock after selling 1,236,776 shares during the period. Assenagon Asset Management S.A.’s holdings in Interactive Brokers Group were worth $2,732,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Interactive Brokers Group by 26.4% in the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after buying an additional 11,048,679 shares during the last quarter. State Street Corp boosted its holdings in shares of Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after buying an additional 3,517,729 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Interactive Brokers Group by 17.6% in the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after buying an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd lifted its holdings in Interactive Brokers Group by 178.8% in 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 acquiring an additional 6,246,715 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after acquiring an additional 5,260,923 shares during 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 60,200 shares of the business’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 400,000 shares of company stock worth $30,725,122. 2.80% of the stock is owned by insiders.

Interactive Brokers Group Trading Down 0.8%

NASDAQ IBKR opened at $63.69 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $79.18. The stock has a market cap of $108.04 billion, a price-to-earnings ratio of 28.75, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23. The company has a 50-day moving average price of $71.56 and a two-hundred day moving average price of $68.71.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $1.64 billion for 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%.The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 14.48%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IBKR. BMO Capital Markets upped 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. 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 objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate 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.