Interactive Brokers Group, Inc. (IBKR) Shares Sold by Engle Capital Management L.P.

Share on StockTwits

Engle Capital Management L.P. reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 28.8% in the second quarter, HoldingsChannel.com reports. The fund owned 79,800 shares of the financial services provider’s stock after selling 32,200 shares during the quarter. Interactive Brokers Group makes up 2.3% of Engle Capital Management L.P.’s holdings, making the stock its 16th largest holding. Engle Capital Management L.P.’s holdings in Interactive Brokers Group were worth $5,140,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. State Treasurer State of Michigan lifted its stake in Interactive Brokers Group by 2.8% during the first quarter. State Treasurer State of Michigan now owns 26,100 shares of the financial services provider’s stock valued at $1,755,000 after purchasing an additional 700 shares during the last quarter. Gamble Jones Investment Counsel lifted its stake in Interactive Brokers Group by 1.4% during the second quarter. Gamble Jones Investment Counsel now owns 64,263 shares of the financial services provider’s stock valued at $4,139,000 after purchasing an additional 918 shares during the last quarter. Mason Street Advisors LLC lifted its stake in Interactive Brokers Group by 2.8% during the first quarter. Mason Street Advisors LLC now owns 35,899 shares of the financial services provider’s stock valued at $2,414,000 after purchasing an additional 979 shares during the last quarter. Xact Kapitalforvaltning AB lifted its stake in Interactive Brokers Group by 12.3% during the second quarter. Xact Kapitalforvaltning AB now owns 9,109 shares of the financial services provider’s stock valued at $587,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Interactive Brokers Group by 18.3% during the first quarter. Commonwealth Equity Services LLC now owns 6,534 shares of the financial services provider’s stock valued at $439,000 after purchasing an additional 1,009 shares during the last quarter. 14.79% of the stock is owned by institutional investors.

In other news, insider Thomas Aj Frank sold 30,951 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $62.05, for a total transaction of $1,920,509.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 147,267 shares of company stock worth $9,147,492 in the last 90 days. 1.98% of the stock is owned by company insiders.

IBKR stock opened at $61.12 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $41.03 and a 52-week high of $80.32. The company has a market cap of $25.72 billion, a PE ratio of 30.03, a PEG ratio of 1.42 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 17th. The financial services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Interactive Brokers Group had a net margin of 5.19% and a return on equity of 2.29%. The business had revenue of $445.00 million for the quarter, compared to analyst estimates of $409.02 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. analysts forecast that Interactive Brokers Group, Inc. will post 2.29 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.65%. Interactive Brokers Group’s dividend payout ratio is currently 26.14%.

Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Interactive Brokers Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 14th. BidaskClub lowered shares of Interactive Brokers Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 1st. SunTrust Banks cut their target price on shares of Interactive Brokers Group to $71.00 and set a “$65.34” rating for the company in a research note on Wednesday, July 18th. Finally, Compass Point assumed coverage on shares of Interactive Brokers Group in a research note on Tuesday, June 5th. They set a “neutral” rating and a $74.00 target price for the company. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Interactive Brokers Group currently has an average rating of “Hold” and an average price target of $69.86.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.

Further Reading: How to Invest in an Index Fund

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR).

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

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply