Hennion & Walsh Asset Management Inc. Reduces Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Hennion & Walsh Asset Management Inc. cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 49.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,405 shares of the financial services provider's stock after selling 4,358 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Interactive Brokers Group were worth $540,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in Interactive Brokers Group during the fourth quarter valued at $7,841,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Interactive Brokers Group by 8.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,554 shares of the financial services provider's stock valued at $1,621,000 after purchasing an additional 1,530 shares during the last quarter. Xponance Inc. increased its stake in Interactive Brokers Group by 2.7% during the fourth quarter. Xponance Inc. now owns 13,125 shares of the financial services provider's stock valued at $1,088,000 after purchasing an additional 347 shares during the last quarter. Yousif Capital Management LLC increased its stake in Interactive Brokers Group by 0.3% during the fourth quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider's stock valued at $4,127,000 after purchasing an additional 152 shares during the last quarter. Finally, VCI Wealth Management LLC bought a new stake in Interactive Brokers Group during the fourth quarter valued at $848,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded up $0.75 on Thursday, reaching $124.10. The company's stock had a trading volume of 963,544 shares, compared to its average volume of 1,027,806. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $129.19. The stock has a market cap of $52.26 billion, a PE ratio of 21.15, a PEG ratio of 1.07 and a beta of 0.81. The firm's 50 day moving average is $120.52 and its two-hundred day moving average is $115.93.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share for the quarter, beating analysts' consensus estimates 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 period in the prior year, the company earned $1.32 EPS. Interactive Brokers Group's revenue was up 21.2% on a year-over-year basis. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.76 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, August 30th. Interactive Brokers Group's dividend payout ratio is presently 17.09%.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. UBS Group boosted their target price on shares of Interactive Brokers Group from $135.00 to $145.00 and gave the company a "buy" rating in a research note on Tuesday, July 9th. Barclays increased their target price on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the company an "overweight" rating in a research report on Wednesday, July 17th. Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and increased their target price for the company from $128.00 to $135.00 in a research report on Thursday, July 11th. Finally, Jefferies Financial Group increased their target price 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. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.33.

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.