HighTower Advisors LLC Reduces Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

HighTower Advisors LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 18.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 59,082 shares of the financial services provider's stock after selling 13,554 shares during the period. HighTower Advisors LLC's holdings in Interactive Brokers Group were worth $10,438,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. S&CO Inc. raised its stake in shares of Interactive Brokers Group by 3.3% during the fourth quarter. S&CO Inc. now owns 15,875 shares of the financial services provider's stock valued at $2,804,000 after acquiring an additional 500 shares in the last quarter. Tortoise Investment Management LLC grew its stake in shares of Interactive Brokers Group by 75.9% in the 4th quarter. Tortoise Investment Management LLC now owns 510 shares of the financial services provider's stock valued at $90,000 after buying an additional 220 shares during the period. Independent Advisor Alliance purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $261,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Interactive Brokers Group by 24.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,989 shares of the financial services provider's stock valued at $5,121,000 after purchasing an additional 5,739 shares in the last quarter. Finally, Sowell Financial Services LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth $2,216,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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Interactive Brokers Group Stock Down 1.3 %

Shares of Interactive Brokers Group stock traded down $2.29 on Thursday, reaching $175.86. The company's stock had a trading volume of 1,813,155 shares, compared to its average volume of 2,113,655. The company has a market capitalization of $74.31 billion, a price-to-earnings ratio of 24.91, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The firm's fifty day simple moving average is $203.73 and its two-hundred day simple moving average is $176.08.

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, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, research analysts predict 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. Shareholders of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.99% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Piper Sandler reissued an "overweight" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. UBS Group boosted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Citigroup increased their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average price target of $204.13.

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.