EverSource Wealth Advisors LLC Sells 195 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

EverSource Wealth Advisors LLC reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,867 shares of the financial services provider’s stock after selling 195 shares during the period. EverSource Wealth Advisors LLC’s holdings in Interactive Brokers Group were worth $342,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. bought a new stake in Interactive Brokers Group during the second quarter worth about $1,615,000. AE Wealth Management LLC grew its position in Interactive Brokers Group by 5.9% during the second quarter. AE Wealth Management LLC now owns 8,083 shares of the financial services provider’s stock valued at $991,000 after acquiring an additional 447 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Interactive Brokers Group by 581.9% during the second quarter. Canada Pension Plan Investment Board now owns 82,893 shares of the financial services provider’s stock worth $10,163,000 after acquiring an additional 70,736 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Interactive Brokers Group in the 2nd quarter worth approximately $2,113,000. Finally, Leuthold Group LLC purchased a new position in Interactive Brokers Group in the 2nd quarter worth $234,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on IBKR. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and upped their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. UBS Group increased their target price on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 9th. Barclays boosted their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.44.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $136.11 on Wednesday. The firm has a market cap of $57.31 billion, a P/E ratio of 23.27, a P/E/G ratio of 1.10 and a beta of 0.80. The business’s 50 day moving average price is $122.75 and its 200-day moving average price is $119.97. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $136.56.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.74 by $0.02. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the firm earned $1.32 EPS. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 6.81 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.73%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.