Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 928,267 shares of the financial services provider's stock after selling 51,873 shares during the period. Bank of New York Mellon Corp owned approximately 0.22% of Interactive Brokers Group worth $113,806,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in IBKR. Rise Advisors LLC bought a new position in shares of Interactive Brokers Group in the first quarter worth $30,000. Principal Securities Inc. bought a new stake in Interactive Brokers Group during the fourth quarter valued at $40,000. Kapitalo Investimentos Ltda boosted its stake in Interactive Brokers Group by 278.0% during the fourth quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider's stock valued at $40,000 after buying an additional 353 shares during the period. GAMMA Investing LLC boosted its stake in Interactive Brokers Group by 213.6% during the first quarter. GAMMA Investing LLC now owns 483 shares of the financial services provider's stock valued at $54,000 after buying an additional 329 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Interactive Brokers Group by 389.9% during the first quarter. Bessemer Group Inc. now owns 632 shares of the financial services provider's stock valued at $70,000 after buying an additional 503 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Down 0.6 %

Shares of IBKR traded down $0.80 during trading hours on Wednesday, hitting $126.32. The company had a trading volume of 745,514 shares, compared to its average volume of 1,022,380. Interactive Brokers Group, Inc. has a 52-week low of $72.60 and a 52-week high of $129.19. The firm has a market cap of $53.19 billion, a P/E ratio of 21.59, a P/E/G ratio of 1.07 and a beta of 0.81. The stock's 50 day moving average price is $120.98 and its 200 day moving average price is $116.97.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $1.32 EPS. Interactive Brokers Group's revenue was up 21.2% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group, Inc. will post 6.76 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.00 dividend on an annualized basis and a yield of 0.79%. Interactive Brokers Group's dividend payout ratio is presently 17.09%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBKR. Keefe, Bruyette & Woods lowered Interactive Brokers Group from an "outperform" rating to a "market perform" rating and lifted their price objective for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. Barclays raised their price target on Interactive Brokers Group from $145.00 to $147.00 and gave the company an "overweight" rating in a research report on Wednesday, July 17th. Jefferies Financial Group raised 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. Finally, UBS Group lifted their price objective on Interactive Brokers Group from $135.00 to $145.00 and gave the stock a "buy" rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target 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.