XTX Topco Ltd Sells 1,531 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

XTX Topco Ltd lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 37.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,517 shares of the financial services provider’s stock after selling 1,531 shares during the period. XTX Topco Ltd’s holdings in Interactive Brokers Group were worth $309,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 7,884 shares during the period. Goldman Sachs Group Inc. raised its stake in Interactive Brokers Group by 122.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after acquiring an additional 524,503 shares during the period. GSA Capital Partners LLP bought a new stake in Interactive Brokers Group in the 1st quarter valued at $796,000. Janus Henderson Group PLC raised its stake in Interactive Brokers Group by 9.9% in the 1st quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock valued at $12,173,000 after acquiring an additional 9,858 shares during the period. Finally, Norden Group LLC raised its stake in Interactive Brokers Group by 1,272.1% in the 1st quarter. Norden Group LLC now owns 104,400 shares of the financial services provider’s stock valued at $11,662,000 after acquiring an additional 96,791 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 0.6 %

NASDAQ:IBKR opened at $137.53 on Friday. The stock’s 50-day simple moving average is $123.68 and its 200 day simple moving average is $120.40. The firm has a market capitalization of $57.91 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 1.21 and a beta of 0.80. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $138.75.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.74 by $0.02. The business 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%. Interactive Brokers Group’s revenue was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $1.32 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Analysts Set New Price Targets

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

About Interactive Brokers Group

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.