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

AlphaQuest LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 87.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 670 shares of the financial services provider's stock after selling 4,718 shares during the quarter. AlphaQuest LLC's holdings in Interactive Brokers Group were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBKR. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the fourth quarter worth $25,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth $28,000. Versant Capital Management Inc grew its holdings 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 purchasing an additional 71 shares during the last quarter. Blue Trust Inc. grew its holdings 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 valued at $33,000 after buying an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was purchased 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 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 available through the SEC website. Insiders own 2.99% of the company's stock.

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Interactive Brokers Group Price Performance

NASDAQ:IBKR traded down $2.50 during mid-day trading on Friday, hitting $173.36. The company's stock had a trading volume of 3,574,320 shares, compared to its average volume of 1,173,244. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock has a market cap of $73.26 billion, a price-to-earnings ratio of 24.56, a PEG ratio of 1.59 and a beta of 0.99. The business's fifty day moving average is $203.19 and its two-hundred day moving average is $176.39.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during 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 company's revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of research analyst reports. 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 report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price objective 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. 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 report on Friday, January 10th. Piper Sandler reissued an "overweight" rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, StockNews.com lowered shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Monday, March 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.