Bronte Capital Management Pty Ltd. Cuts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bronte Capital Management Pty Ltd. lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 595,044 shares of the financial services provider's stock after selling 238,583 shares during the quarter. Interactive Brokers Group accounts for approximately 15.3% of Bronte Capital Management Pty Ltd.'s portfolio, making the stock its 4th largest holding. Bronte Capital Management Pty Ltd. owned about 0.14% of Interactive Brokers Group worth $105,126,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Interactive Brokers Group by 27.7% during the fourth quarter. Farther Finance Advisors LLC now owns 1,034 shares of the financial services provider's stock valued at $183,000 after buying an additional 224 shares during the period. S&CO Inc. boosted its holdings in shares of Interactive Brokers Group by 3.3% during the fourth quarter. S&CO Inc. now owns 15,875 shares of the financial services provider's stock worth $2,804,000 after purchasing an additional 500 shares during the period. Tortoise Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 75.9% during the fourth quarter. Tortoise Investment Management LLC now owns 510 shares of the financial services provider's stock worth $90,000 after purchasing an additional 220 shares during the period. Independent Advisor Alliance purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth about $261,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Interactive Brokers Group by 24.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,989 shares of the financial services provider's stock worth $5,121,000 after purchasing an additional 5,739 shares during the period. Institutional investors own 23.80% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBKR. Citigroup increased their target price 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. Piper Sandler restated an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. The Goldman Sachs Group raised their price objective 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, UBS Group raised their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $204.13.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR traded up $7.08 on Friday, hitting $168.11. 2,228,726 shares of the stock traded hands, compared to its average volume of 1,151,972. The company has a market capitalization of $71.04 billion, a PE ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99. The business has a 50 day simple moving average of $204.67 and a 200 day simple moving average of $175.42. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year 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 EPS for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm's revenue was up 21.8% on a year-over-year basis. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

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.