Xponance Inc. Has $763,000 Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Xponance Inc. lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 12.9% during the 3rd quarter, Holdings Channel reports. The fund owned 11,938 shares of the financial services provider’s stock after acquiring an additional 1,363 shares during the quarter. Xponance Inc.’s holdings in Interactive Brokers Group were worth $763,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of IBKR. First Horizon Advisors Inc. boosted its holdings in shares of Interactive Brokers Group by 185.2% in the 2nd quarter. First Horizon Advisors Inc. now owns 519 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 337 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in Interactive Brokers Group during the 2nd quarter worth $31,000. CWM LLC lifted its holdings in Interactive Brokers Group by 137.5% during the 2nd quarter. CWM LLC now owns 653 shares of the financial services provider’s stock worth $36,000 after buying an additional 378 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Interactive Brokers Group by 180.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 743 shares of the financial services provider’s stock worth $41,000 after buying an additional 478 shares in the last quarter. Finally, Venture Visionary Partners LLC acquired a new position in Interactive Brokers Group during the 2nd quarter worth $65,000. 97.84% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $73.65 on Friday. The firm has a fifty day moving average of $75.47 and a two-hundred day moving average of $67.69. The stock has a market capitalization of $30.89 billion, a price-to-earnings ratio of 23.76, a PEG ratio of 0.67 and a beta of 0.77. Interactive Brokers Group, Inc. has a 52 week low of $52.18 and a 52 week high of $81.46.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last issued its earnings results on Tuesday, October 18th. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $0.99 by $0.09. The company had revenue of $790.00 million during the quarter, compared to analysts’ expectations of $792.70 million. Interactive Brokers Group had a net margin of 9.66% and a return on equity of 3.40%. The business’s revenue for the quarter was up 70.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 3.89 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 14th. Shareholders of record on Thursday, December 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Wednesday, November 30th. Interactive Brokers Group’s payout ratio is 12.90%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $75.50, for a total value of $1,510,000.00. Following the completion of the sale, the chairman now owns 2,567,511 shares in the company, valued at approximately $193,847,080.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction on Wednesday, October 19th. The shares were sold at an average price of $75.50, for a total value of $1,510,000.00. Following the completion of the sale, the chairman now owns 2,567,511 shares in the company, valued at approximately $193,847,080.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Thomas Aj Frank sold 19,600 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $76.79, for a total transaction of $1,505,084.00. Following the completion of the sale, the insider now owns 53,247 shares of the company’s stock, valued at approximately $4,088,837.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 291,900 shares of company stock worth $22,778,003. Insiders own 5.72% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of several research reports. Barclays reduced their price objective on Interactive Brokers Group from $94.00 to $90.00 and set an “overweight” rating on the stock in a report on Monday, December 19th. Citigroup initiated coverage on Interactive Brokers Group in a report on Tuesday, October 11th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, StockNews.com initiated coverage on Interactive Brokers Group in a report on Wednesday, October 12th. They set a “hold” rating on the stock. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $92.83.

About Interactive Brokers Group

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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.