Stephens Inc. AR Sells 60 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Stephens Inc. AR reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,010 shares of the financial services provider’s stock after selling 60 shares during the period. Stephens Inc. AR’s holdings in Interactive Brokers Group were worth $355,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IBKR. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $83,630,000. Waverton Investment Management Ltd purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $26,946,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after buying an additional 187,010 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $25,085,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Interactive Brokers Group by 13,967.5% during the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after buying an additional 148,055 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on IBKR. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $204.13.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.21% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $234.12 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $101.36 and a 52-week high of $236.53. The company has a market capitalization of $98.92 billion, a P/E ratio of 33.16, a P/E/G ratio of 1.62 and a beta of 0.89. The company has a fifty day moving average of $196.38 and a 200-day moving average of $163.78.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $1.52 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

About Interactive Brokers Group

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.