Ameritas Investment Partners Inc. Trims Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Ameritas Investment Partners Inc. decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,782 shares of the financial services provider’s stock after selling 847 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Interactive Brokers Group were worth $2,793,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC acquired a new stake in Interactive Brokers Group in the 4th quarter worth about $223,000. Principal Securities Inc. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth approximately $40,000. Dimensional Fund Advisors LP grew its holdings in Interactive Brokers Group by 1.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 276,180 shares of the financial services provider’s stock valued at $22,896,000 after purchasing an additional 3,705 shares during the period. Norges Bank acquired a new position in Interactive Brokers Group during the fourth quarter worth approximately $97,476,000. Finally, UBS Group AG increased its position in Interactive Brokers Group by 184.8% during the fourth quarter. UBS Group AG now owns 73,475 shares of the financial services provider’s stock worth $6,091,000 after purchasing an additional 47,674 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR stock opened at $133.02 on Friday. The firm has a market cap of $56.01 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.10 and a beta of 0.80. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $133.42. The stock has a 50-day simple moving average of $122.29 and a 200-day simple moving average of $119.52.

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 the consensus estimate 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 company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter last year, the company earned $1.32 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 21.2% on a year-over-year basis. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 6.81 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared 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 0.75%. The ex-dividend date was Friday, August 30th. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IBKR. Keefe, Bruyette & Woods cut shares of Interactive Brokers Group from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group boosted their price target on Interactive Brokers Group from $138.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, July 8th. UBS Group upped their price target on Interactive Brokers Group from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, Barclays lifted their price objective on Interactive Brokers Group from $145.00 to $147.00 and gave the company 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 assigned a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus 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.