Edgestream Partners L.P. Cuts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Edgestream Partners L.P. lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 48.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,651 shares of the financial services provider’s stock after selling 8,148 shares during the period. Edgestream Partners L.P.’s holdings in Interactive Brokers Group were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IBKR. Norges Bank acquired a new position in Interactive Brokers Group during the 4th quarter worth $97,476,000. Goldman Sachs Group Inc. increased its stake in shares of Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after buying an additional 524,503 shares during the period. Bares Capital Management Inc. raised its holdings in Interactive Brokers Group by 10.4% in the first quarter. Bares Capital Management Inc. now owns 2,810,131 shares of the financial services provider’s stock valued at $313,920,000 after acquiring an additional 264,543 shares in the last quarter. Woodson Capital Management LP purchased a new position in Interactive Brokers Group in the fourth quarter worth approximately $16,000,000. Finally, Scout Investments Inc. acquired a new position in Interactive Brokers Group during the 1st quarter worth approximately $18,335,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.4 %

NASDAQ:IBKR opened at $133.02 on Friday. The stock’s 50 day simple moving average is $122.06 and its 200-day simple moving average is $119.30. Interactive Brokers Group, Inc. has a 12-month low of $72.60 and a 12-month high of $133.42. The firm has a market cap 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 (NASDAQ:IBKR) last issued its earnings results 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 the consensus estimate of $1.27 billion. Interactive Brokers Group had a net margin of 7.88% and a return on equity of 4.88%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 earnings per share. Research analysts forecast that Interactive Brokers Group, Inc. will post 6.81 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid 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 (DPR) is 17.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price objective on shares of Interactive Brokers Group from $145.00 to $155.00 and gave the company a “buy” rating in a report on Monday, September 9th. Jefferies Financial Group lifted their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Keefe, Bruyette & Woods downgraded Interactive Brokers Group from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Finally, Barclays boosted their target price on Interactive Brokers Group from $145.00 to $147.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $133.44.

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.