Martingale Asset Management L P Cuts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Martingale Asset Management L P trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 80,854 shares of the financial services provider's stock after selling 9,806 shares during the period. Martingale Asset Management L P's holdings in Interactive Brokers Group were worth $14,284,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Wellington Management Group LLP raised its position in Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock worth $263,950,000 after acquiring an additional 1,476,135 shares during the period. Norges Bank bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $229,316,000. Raymond James Financial Inc. bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $120,046,000. Renaissance Technologies LLC grew its holdings in shares of Interactive Brokers Group by 59.6% in the fourth quarter. Renaissance Technologies LLC now owns 604,910 shares of the financial services provider's stock valued at $106,869,000 after purchasing an additional 225,910 shares in the last quarter. Finally, Invesco Ltd. increased its position in Interactive Brokers Group by 39.0% in the fourth quarter. Invesco Ltd. now owns 765,959 shares of the financial services provider's stock worth $135,322,000 after purchasing an additional 214,844 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price 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. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.99% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on IBKR shares. Citigroup dropped their price target on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Piper Sandler cut their price target on 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. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $195.88.

Interactive Brokers Group Trading Up 2.0 %

Shares of IBKR stock traded up $3.38 during trading hours on Tuesday, reaching $176.37. 606,812 shares of the company's stock were exchanged, compared to its average volume of 1,317,202. The stock's fifty day moving average price is $188.91 and its two-hundred day moving average price is $181.21. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock has a market cap of $74.53 billion, a PE ratio of 24.98, 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 EPS for the quarter, beating the consensus estimate 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 net margin of 9.25% and a return on equity of 5.00%. The business's revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 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.