Insight Wealth Strategies LLC Sells 3,584 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Insight Wealth Strategies LLC lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,102 shares of the financial services provider's stock after selling 3,584 shares during the period. Insight Wealth Strategies LLC's holdings in Interactive Brokers Group were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Townsquare Capital LLC boosted its stake in Interactive Brokers Group by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock worth $760,000 after acquiring an additional 67 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock worth $2,759,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after buying an additional 71 shares during the period. Prime Capital Investment Advisors LLC increased its position in shares of Interactive Brokers Group by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider's stock valued at $383,000 after buying an additional 97 shares in the last quarter. Finally, Boston Financial Mangement LLC raised its stake in Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider's stock worth $272,000 after buying an additional 100 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 3.5 %

Shares of Interactive Brokers Group stock traded up $6.35 on Monday, reaching $190.07. 1,092,759 shares of the company were exchanged, compared to its average volume of 1,139,978. Interactive Brokers Group, Inc. has a one year low of $83.86 and a one year high of $193.42. The company has a 50-day moving average of $177.66 and a 200 day moving average of $145.96. The company has a market capitalization of $80.31 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter in the prior year, the business earned $1.55 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.53%. Interactive Brokers Group's dividend payout ratio is 15.27%.

Analyst Ratings Changes

IBKR has been the subject of several recent analyst reports. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Barclays lifted their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an "overweight" rating in a research note on Monday, December 9th. Piper Sandler reissued an "overweight" rating and set a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the company a "market perform" rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average target price of $173.00.

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.