Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 184,450 shares of the financial services provider's stock after selling 141,302 shares during the quarter. Interactive Brokers Group comprises approximately 1.9% of Coronation Fund Managers Ltd.'s portfolio, making the stock its 19th largest position. Coronation Fund Managers Ltd.'s holdings in Interactive Brokers Group were worth $32,587,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $25,000. Versant Capital Management Inc lifted 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 worth $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 88 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. increased its holdings in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after purchasing an additional 224 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.21% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on IBKR shares. Barclays boosted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research 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 company a "market perform" rating in a report on Monday, January 13th. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Citigroup increased their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. 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 price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock traded up $4.65 during mid-day trading on Thursday, hitting $234.85. 1,921,264 shares of the stock were exchanged, compared to its average volume of 1,769,046. The stock's fifty day simple moving average is $195.44 and its two-hundred day simple moving average is $162.67. Interactive Brokers Group, Inc. has a 12-month low of $100.79 and a 12-month high of $235.86. The stock has a market capitalization of $99.23 billion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted $1.52 EPS. The firm's quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. Interactive Brokers Group's payout ratio 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.