Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 51.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,137 shares of the financial services provider's stock after selling 5,461 shares during the quarter. Vontobel Holding Ltd.'s holdings in Interactive Brokers Group were worth $908,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IBKR. Sumitomo Mitsui Trust Group Inc. bought a new position in Interactive Brokers Group in the third quarter worth approximately $83,630,000. Waverton Investment Management Ltd purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter worth $26,946,000. Allspring Global Investments Holdings LLC grew its position in shares of Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock worth $36,004,000 after buying an additional 187,010 shares in the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Interactive Brokers Group during the third quarter valued at $25,085,000. Finally, International Assets Investment Management LLC raised its holdings in shares of Interactive Brokers Group by 13,967.5% in the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider's stock valued at $20,781,000 after acquiring an additional 148,055 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on IBKR shares. The Goldman Sachs Group increased their target price 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. Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. Barclays lifted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded down $7.32 during midday trading on Friday, reaching $218.68. 2,100,893 shares of the stock traded hands, compared to its average volume of 1,763,238. The stock has a market capitalization of $92.40 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The business has a 50-day moving average of $200.60 and a two-hundred day moving average of $166.65.

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 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. Research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared 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. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's dividend payout ratio is presently 14.16%.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost 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. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.21% of the company's stock.

About Interactive Brokers Group

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.