Vontobel Holding Ltd. decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 51.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,137 shares of the financial services provider’s stock after selling 5,461 shares during the period. Vontobel Holding Ltd.’s holdings in Interactive Brokers Group were worth $908,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning grew its stake in Interactive Brokers Group by 5.5% during the third quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock worth $1,142,000 after buying an additional 428 shares during the period. Raymond James & Associates raised its holdings in Interactive Brokers Group by 13.8% in the third quarter. Raymond James & Associates now owns 490,135 shares of the financial services provider’s stock valued at $68,305,000 after acquiring an additional 59,340 shares in the last quarter. OLD National Bancorp IN raised its holdings in Interactive Brokers Group by 20.7% in the third quarter. OLD National Bancorp IN now owns 4,790 shares of the financial services provider’s stock valued at $668,000 after acquiring an additional 821 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its position in shares of Interactive Brokers Group by 12.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 4,885 shares of the financial services provider’s stock worth $681,000 after buying an additional 549 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.
Insider Activity
In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 3.21% of the stock is currently owned by company insiders.
Interactive Brokers Group Stock Performance
Shares of IBKR stock opened at $235.53 on Wednesday. The company has a market capitalization of $99.52 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The company’s 50 day moving average price is $198.65 and its two-hundred day moving average price is $165.77. Interactive Brokers Group, Inc. has a 52 week low of $102.27 and a 52 week high of $236.53.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 earnings per share. Analysts forecast 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 dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.42%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on IBKR. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays lifted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $204.13.
Read Our Latest Stock Analysis on Interactive Brokers Group
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.
Further Reading
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 – Free Report).
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