Nisa Investment Advisors LLC Lowers Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Nisa Investment Advisors LLC trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 89.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,142 shares of the financial services provider's stock after selling 9,935 shares during the quarter. Nisa Investment Advisors LLC's holdings in Interactive Brokers Group were worth $140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBKR. Oliver Luxxe Assets LLC grew its stake in Interactive Brokers Group by 1.8% in the first quarter. Oliver Luxxe Assets LLC now owns 7,047 shares of the financial services provider's stock worth $787,000 after purchasing an additional 126 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Interactive Brokers Group by 2.8% in the second quarter. QRG Capital Management Inc. now owns 4,859 shares of the financial services provider's stock worth $596,000 after acquiring an additional 131 shares in the last quarter. Thrive Wealth Management LLC grew its stake in shares of Interactive Brokers Group by 6.0% during the second quarter. Thrive Wealth Management LLC now owns 2,333 shares of the financial services provider's stock worth $286,000 after purchasing an additional 132 shares in the last quarter. Yousif Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 0.3% in 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 buying an additional 152 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT grew its position in Interactive Brokers Group by 2.7% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,763 shares of the financial services provider's stock worth $478,000 after buying an additional 153 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded down $0.70 during trading on Friday, hitting $123.40. The company's stock had a trading volume of 1,070,784 shares, compared to its average volume of 1,027,713. The company has a market capitalization of $51.96 billion, a PE ratio of 21.09, a PEG ratio of 1.07 and a beta of 0.81. The stock's 50-day moving average price is $120.64 and its two-hundred day moving average price is $116.50. Interactive Brokers Group, Inc. has a fifty-two week low of $72.60 and a fifty-two week high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its 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. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. The business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the business earned $1.32 earnings per share. The firm's revenue for the quarter was up 21.2% compared to the same quarter last year. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 6.76 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.25 dividend. 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 payout ratio is 17.09%.

Analysts Set New Price Targets

A number of analysts have commented on IBKR shares. Barclays boosted their price target on shares of Interactive Brokers Group from $145.00 to $147.00 and gave the stock 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 lifted their price target for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $138.00 to $150.00 and gave the company a "buy" rating in a report on Monday, July 8th. Finally, UBS Group boosted their target price on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 9th. Two research 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 stock currently has a consensus rating of "Moderate Buy" and an average target price of $132.33.

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.