Profund Advisors LLC Sells 795 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Profund Advisors LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 21.1% during the second quarter, HoldingsChannel reports. The firm owned 2,971 shares of the financial services provider’s stock after selling 795 shares during the quarter. Profund Advisors LLC’s holdings in Interactive Brokers Group were worth $364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tortoise Investment Management LLC lifted its stake in Interactive Brokers Group by 76.6% in the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 111 shares during the last quarter. Oliver Luxxe Assets LLC lifted its stake in shares of Interactive Brokers Group by 1.8% in the 1st quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider’s stock valued at $787,000 after acquiring an additional 126 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Interactive Brokers Group by 2.8% during the 2nd quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider’s stock valued at $596,000 after acquiring an additional 131 shares in the last quarter. Thrive Wealth Management LLC boosted its holdings in shares of Interactive Brokers Group by 6.0% during the 2nd quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 132 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position in Interactive Brokers Group by 5.0% during the 2nd quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 146 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 0.4 %

IBKR stock opened at $136.72 on Friday. The firm has a market cap of $57.57 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 1.21 and a beta of 0.80. The company’s fifty day simple moving average is $123.34 and its 200 day simple moving average is $120.19. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $138.75.

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

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on IBKR. UBS Group lifted their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Barclays lifted their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Jefferies Financial Group upped their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $128.00 to $135.00 in a report on Thursday, July 11th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.44.

Interactive Brokers Group 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.