Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 26.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,785,131 shares of the financial services provider’s stock after selling 1,352,485 shares during the period. Interactive Brokers Group makes up 1.1% of Kayne Anderson Rudnick Investment Management LLC’s holdings, making the stock its 26th biggest holding. Kayne Anderson Rudnick Investment Management LLC’s holdings in Interactive Brokers Group were worth $464,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rise Advisors LLC purchased a new position in shares of Interactive Brokers Group in the first quarter valued at approximately $30,000. Tortoise Investment Management LLC increased its position in shares of Interactive Brokers Group by 76.6% during the second quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 111 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at $32,000. Principal Securities Inc. purchased a new position in Interactive Brokers Group in the fourth quarter valued at $40,000. Finally, Kapitalo Investimentos Ltda grew its stake in Interactive Brokers Group by 278.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 353 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Up 0.4 %

IBKR stock opened at $133.02 on Friday. The business has a 50 day simple moving average of $122.29 and a 200-day simple moving average of $119.45. The company has a market capitalization of $56.01 billion, a P/E ratio of 22.74, a PEG ratio of 1.10 and a beta of 0.80. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $133.42.

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 for the quarter, topping analysts’ consensus estimates of $1.74 by $0.02. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. Interactive Brokers Group’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. Research analysts predict that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio is currently 17.09%.

Analyst Ratings Changes

A number of research firms have issued reports on IBKR. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price target for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. UBS Group increased their price objective on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, Barclays increased 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has a consensus 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.