CVA Family Office LLC Has $49,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

CVA Family Office LLC reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) by 22.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 885 shares of the financial services provider’s stock after selling 252 shares during the period. CVA Family Office LLC’s holdings in Interactive Brokers Group were worth $49,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. FDx Advisors Inc. increased its position in Interactive Brokers Group by 7.2% in the 1st quarter. FDx Advisors Inc. now owns 18,958 shares of the financial services provider’s stock worth $1,250,000 after buying an additional 1,279 shares during the period. JPMorgan Chase & Co. increased its position in Interactive Brokers Group by 1.5% in the 4th quarter. JPMorgan Chase & Co. now owns 120,354 shares of the financial services provider’s stock worth $9,559,000 after buying an additional 1,832 shares during the period. Atria Investments LLC increased its position in Interactive Brokers Group by 1.2% in the 1st quarter. Atria Investments LLC now owns 53,513 shares of the financial services provider’s stock worth $3,527,000 after buying an additional 615 shares during the period. National Bank of Canada FI increased its position in Interactive Brokers Group by 1,217.5% in the 1st quarter. National Bank of Canada FI now owns 67,405 shares of the financial services provider’s stock worth $4,442,000 after buying an additional 62,289 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in Interactive Brokers Group by 2,130.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 332,397 shares of the financial services provider’s stock worth $21,908,000 after buying an additional 317,494 shares during the period. 97.04% of the stock is owned by institutional investors.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $68.82 on Tuesday. The business’s fifty day moving average price is $61.67 and its two-hundred day moving average price is $60.74. Interactive Brokers Group, Inc. has a fifty-two week low of $52.18 and a fifty-two week high of $82.83. The stock has a market capitalization of $28.78 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 1.04 and a beta of 0.76.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last announced its quarterly earnings results on Tuesday, July 19th. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.07). Interactive Brokers Group had a net margin of 9.64% and a return on equity of 3.13%. The company had revenue of $656.00 million during the quarter, compared to the consensus estimate of $745.46 million. During the same quarter last year, the company earned $0.82 earnings per share. The business’s revenue was down 13.0% on a year-over-year basis. Research analysts expect that Interactive Brokers Group, Inc. will post 3.76 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 14th. Shareholders of record on Thursday, September 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, August 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.63%.

Analysts Set New Price Targets

IBKR has been the topic of a number of research reports. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Barclays initiated coverage on Interactive Brokers Group in a research report on Wednesday, August 31st. They set an “overweight” rating and a $77.00 price objective on the stock. Finally, Compass Point lowered their price objective on Interactive Brokers Group to $85.00 in a research report on Friday, June 3rd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $91.80.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Chairman Thomas Peterffy sold 20,000 shares of the business’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $58.10, for a total value of $1,162,000.00. Following the transaction, the chairman now owns 2,047,511 shares of the company’s stock, valued at $118,960,389.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold 300,000 shares of company stock worth $16,860,400 over the last three months. Company insiders own 5.72% of the company’s stock.

Interactive Brokers Group Company Profile

(Get Rating)

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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