Allspring Global Investments Holdings LLC Trims Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Allspring Global Investments Holdings LLC trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 10.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 230,858 shares of the financial services provider's stock after selling 27,495 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.05% of Interactive Brokers Group worth $42,024,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the 4th quarter valued at $25,000. SRH Advisors LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at $28,000. Versant Capital Management Inc raised its holdings in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. raised its holdings in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after buying an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock valued at $35,000 after buying an additional 100 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.21% of the company's stock.

Interactive Brokers Group Stock Down 0.2 %

IBKR traded down $0.40 during midday trading on Tuesday, hitting $233.72. 456,735 shares of the company traded hands, compared to its average volume of 1,722,222. The firm has a market capitalization of $98.75 billion, a PE ratio of 33.08, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. The company's 50-day moving average is $197.46 and its 200 day moving average is $164.90. 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 earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend 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 (DPR) is presently 14.16%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on IBKR. 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 report on Monday, January 13th. The Goldman Sachs Group boosted 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. Citigroup boosted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus target price of $204.13.

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.