Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 32.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,724 shares of the financial services provider’s stock after selling 844 shares during the quarter. Private Advisor Group LLC’s holdings in Interactive Brokers Group were worth $305,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $25,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth approximately $28,000. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares during the period. Finally, Harbor Investment Advisory LLC boosted its position 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 buying an additional 100 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on IBKR shares. Piper Sandler restated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Up 0.3 %

NASDAQ IBKR opened at $196.69 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The business’s 50-day moving average price is $205.12 and its 200 day moving average price is $172.43. The firm has a market cap of $83.11 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.59 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results 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 return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company posted $1.52 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 3.21% of the stock is owned by corporate insiders.

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.