SG Americas Securities LLC Lowers Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

SG Americas Securities LLC lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,060 shares of the financial services provider’s stock after selling 1,904 shares during the period. SG Americas Securities LLC’s holdings in Interactive Brokers Group were worth $894,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth about $25,000. Versant Capital Management Inc increased its position in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Harbor Investment Advisory LLC raised its stake in shares of Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. raised its position in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares during the last quarter. Finally, Fortitude Family Office LLC lifted its position in Interactive Brokers Group by 105.7% in the fourth quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 148 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 1.9 %

Shares of IBKR opened at $207.75 on Wednesday. The firm has a market cap of $87.78 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. The company’s fifty day moving average is $186.96 and its two-hundred day moving average is $154.49. Interactive Brokers Group, Inc. has a fifty-two week low of $88.22 and a fifty-two week high of $220.66.

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

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.48%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

A number of research firms recently commented on IBKR. Citigroup boosted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods increased their price objective on 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. UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group 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.