Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Lowered by FIL Ltd

FIL Ltd reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 369,180 shares of the financial services provider's stock after selling 129,346 shares during the period. FIL Ltd owned approximately 0.09% of Interactive Brokers Group worth $65,223,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at about $28,000. Versant Capital Management Inc increased its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. lifted 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 worth $33,000 after acquiring an additional 88 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its holdings in Interactive Brokers Group by 39.8% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock traded up $3.39 during trading on Tuesday, hitting $176.38. 582,087 shares of the stock were exchanged, compared to its average volume of 1,316,883. The stock's fifty day moving average is $188.91 and its 200 day moving average is $181.21. The stock has a market cap of $74.53 billion, a PE ratio of 24.98, a P/E/G ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company posted $1.52 EPS. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on IBKR shares. StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. Piper Sandler cut their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. 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. Citigroup reduced 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 research report on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods increased their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average target price of $195.88.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the business's stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.99% of the company's stock.

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.