Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,273 shares of the financial services provider's stock after selling 5,745 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Interactive Brokers Group were worth $7,115,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sigma Planning Corp acquired a new position in Interactive Brokers Group in the third quarter valued at $225,000. Los Angeles Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 27.7% during the third quarter. Los Angeles Capital Management LLC now owns 3,041 shares of the financial services provider's stock worth $424,000 after buying an additional 660 shares during the last quarter. Prime Capital Investment Advisors LLC increased its position in Interactive Brokers Group by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider's stock valued at $383,000 after acquiring an additional 97 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Interactive Brokers Group during the 3rd quarter valued at approximately $229,000. Finally, KBC Group NV lifted its position in Interactive Brokers Group by 3.0% during the 3rd quarter. KBC Group NV now owns 109,158 shares of the financial services provider's stock worth $15,212,000 after acquiring an additional 3,211 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Interactive Brokers Group Stock Performance

IBKR stock traded up $5.46 during trading on Wednesday, reaching $178.15. 1,628,459 shares of the company were exchanged, compared to its average volume of 1,158,587. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The company has a market cap of $75.28 billion, a P/E ratio of 25.23, a PEG ratio of 1.59 and a beta of 0.99. The stock's 50 day moving average price is $203.99 and its 200 day moving average price is $176.07.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the company earned $1.52 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of recent research reports. Barclays boosted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Monday. Piper Sandler restated an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup boosted their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group raised 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. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.13.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company's stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.99% of the company's stock.

About Interactive Brokers Group

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.