Prudential Financial Inc. Decreases Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Prudential Financial Inc. reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 56.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,030 shares of the financial services provider's stock after selling 10,357 shares during the quarter. Prudential Financial Inc.'s holdings in Interactive Brokers Group were worth $1,419,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. grew its stake in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $33,000. 23.80% of the stock is currently owned by institutional investors.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.99% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

IBKR has been the subject of a number of recent research reports. Citigroup cut their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Barclays cut their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research note on Monday. Keefe, Bruyette & Woods boosted their price objective on 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. Finally, StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $195.88.

Interactive Brokers Group Trading Down 0.4 %

NASDAQ:IBKR traded down $0.68 during midday trading on Thursday, hitting $170.04. 831,006 shares of the company traded hands, compared to its average volume of 2,220,141. The firm's fifty day moving average is $192.31 and its 200-day moving average is $180.22. The firm has a market capitalization of $71.85 billion, a P/E ratio of 24.09, 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 announced 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 company 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%. Interactive Brokers Group's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's payout ratio is currently 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.