Cantillon Capital Management LLC Sells 100,932 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cantillon Capital Management LLC trimmed its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,377,643 shares of the financial services provider’s stock after selling 100,932 shares during the quarter. Interactive Brokers Group makes up about 2.9% of Cantillon Capital Management LLC’s portfolio, making the stock its 15th biggest holding. Cantillon Capital Management LLC owned 0.80% of Interactive Brokers Group worth $470,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in IBKR. SG Americas Securities LLC grew its position in shares of Interactive Brokers Group by 172.1% in the 2nd quarter. SG Americas Securities LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 7,884 shares during the period. Janus Henderson Group PLC grew its holdings in Interactive Brokers Group by 9.9% during the first quarter. Janus Henderson Group PLC now owns 108,977 shares of the financial services provider’s stock worth $12,173,000 after purchasing an additional 9,858 shares during the period. Edgestream Partners L.P. increased its position in Interactive Brokers Group by 200.5% during the first quarter. Edgestream Partners L.P. now owns 16,799 shares of the financial services provider’s stock worth $1,877,000 after buying an additional 11,208 shares during the last quarter. Waverton Investment Management Ltd bought a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Finally, Versor Investments LP acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $474,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $182.61 on Tuesday. The business has a 50-day moving average of $148.86 and a 200-day moving average of $131.67. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $183.01. The company has a market capitalization of $77.16 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm posted $1.55 EPS. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Analysts Set New Price Targets

Several analysts recently weighed in on IBKR shares. Barclays dropped their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. UBS Group boosted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $143.00.

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.