Interactive Brokers Group, Inc. (NASDAQ:IBKR) Position Lessened by ANTIPODES PARTNERS Ltd

ANTIPODES PARTNERS Ltd decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 17.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 245,387 shares of the financial services provider's stock after selling 52,935 shares during the period. Interactive Brokers Group comprises 1.1% of ANTIPODES PARTNERS Ltd's holdings, making the stock its 29th largest holding. ANTIPODES PARTNERS Ltd owned approximately 0.06% of Interactive Brokers Group worth $30,084,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in Interactive Brokers Group by 172.1% in the second quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider's stock worth $1,528,000 after purchasing an additional 7,884 shares during the period. Goldman Sachs Group Inc. boosted its holdings in 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 purchasing an additional 524,503 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Interactive Brokers Group during the first quarter worth about $796,000. Janus Henderson Group PLC raised its position in Interactive Brokers Group by 9.9% in the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider's stock worth $12,173,000 after acquiring an additional 9,858 shares during the period. Finally, Norden Group LLC raised its position in Interactive Brokers Group by 1,272.1% in the first quarter. Norden Group LLC now owns 104,400 shares of the financial services provider's stock worth $11,662,000 after acquiring an additional 96,791 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 2.8 %

IBKR traded down $3.52 on Friday, hitting $122.54. The company had a trading volume of 788,532 shares, compared to its average volume of 1,011,341. The firm has a market cap of $51.60 billion, a P/E ratio of 21.37, a PEG ratio of 1.15 and a beta of 0.81. The company's fifty day moving average price is $121.67 and its 200 day moving average price is $117.93. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 4.88% and a net margin of 7.88%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group, Inc. will post 6.81 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, August 30th. This represents a $1.00 annualized dividend and a yield of 0.82%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 17.09%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on IBKR shares. Barclays boosted their price target 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. 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 research note on Monday, July 8th. UBS Group upped their price objective 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. Finally, Keefe, Bruyette & Woods lowered shares of Interactive Brokers Group from an "outperform" rating to a "market perform" rating and upped their price target for the company from $128.00 to $135.00 in a report on Thursday, July 11th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price 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.