Entropy Technologies LP Reduces Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Entropy Technologies LP trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 16.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,088 shares of the financial services provider's stock after selling 1,749 shares during the quarter. Entropy Technologies LP's holdings in Interactive Brokers Group were worth $1,606,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of IBKR. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Interactive Brokers Group during the third quarter worth $83,630,000. Waverton Investment Management Ltd bought a new stake in shares of Interactive Brokers Group during the third quarter worth $26,946,000. Allspring Global Investments Holdings LLC lifted its position in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock worth $36,004,000 after purchasing an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Interactive Brokers Group during the third quarter worth $25,085,000. Finally, International Assets Investment Management LLC lifted its position in shares of Interactive Brokers Group by 13,967.5% during the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider's stock worth $20,781,000 after purchasing an additional 148,055 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Barclays lifted their target price 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. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. UBS Group lifted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Finally, Citigroup lifted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $4.65 during trading hours on Thursday, reaching $234.85. The stock had a trading volume of 1,921,264 shares, compared to its average volume of 1,769,046. The company has a market cap of $99.23 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.62 and a beta of 0.89. The business's 50 day moving average price is $195.44 and its 200-day moving average price is $162.67. Interactive Brokers Group, Inc. has a 52 week low of $100.79 and a 52 week high of $235.86.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced 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. 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 firm's revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.52 earnings per share. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Interactive Brokers Group's dividend payout ratio is presently 14.16%.

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.