Envestnet Asset Management Inc. Sells 11,852 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Envestnet Asset Management Inc. reduced its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 330,616 shares of the financial services provider's stock after selling 11,852 shares during the quarter. Envestnet Asset Management Inc. owned 0.08% of Interactive Brokers Group worth $58,410,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quantinno Capital Management LP increased its holdings in Interactive Brokers Group by 82.3% during the 3rd quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider's stock worth $441,000 after purchasing an additional 1,430 shares in the last quarter. National Bank of Canada FI raised its position in Interactive Brokers Group by 21.0% in the 3rd quarter. National Bank of Canada FI now owns 9,210 shares of the financial services provider's stock valued at $1,284,000 after buying an additional 1,598 shares during the last quarter. MML Investors Services LLC lifted its stake in Interactive Brokers Group by 10.2% during the 3rd quarter. MML Investors Services LLC now owns 9,309 shares of the financial services provider's stock valued at $1,297,000 after acquiring an additional 858 shares in the last quarter. Vestcor Inc boosted its holdings in Interactive Brokers Group by 5.7% during the 3rd quarter. Vestcor Inc now owns 15,986 shares of the financial services provider's stock worth $2,228,000 after acquiring an additional 868 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock worth $287,921,000 after acquiring an additional 106,392 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

Several research firms have commented on IBKR. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th. Citigroup cut their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Barclays decreased their price objective on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Piper Sandler dropped their target price on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $195.88.

Insider Buying and Selling

In other news, Director Jill Bright purchased 135 shares of the business's stock in a transaction on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value 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 trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Price Performance

Shares of IBKR traded up $2.38 during trading hours on Tuesday, hitting $175.37. The company's stock had a trading volume of 474,897 shares, compared to its average volume of 1,316,472. The business has a 50 day simple moving average of $188.91 and a two-hundred day simple moving average of $181.21. 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 $74.11 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Interactive Brokers Group's payout ratio is 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.