Scotia Capital Inc. Trims Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Scotia Capital Inc. trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,564 shares of the financial services provider's stock after selling 5,766 shares during the period. Scotia Capital Inc.'s holdings in Interactive Brokers Group were worth $7,166,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the 4th quarter valued at $25,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $28,000. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its position in 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 last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $33,000. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on IBKR. Barclays lowered their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. Citigroup dropped their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday, April 10th. Keefe, Bruyette & Woods lifted their target price 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. Finally, UBS Group upped their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $195.88.

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Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the firm's stock in a transaction on Friday, January 31st. The stock was bought 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 in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The purchase 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 insiders.

Interactive Brokers Group Trading Up 0.3 %

IBKR traded up $0.44 on Tuesday, hitting $173.43. 2,199,742 shares of the company's stock traded hands, compared to its average volume of 1,323,469. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The firm has a market cap of $73.29 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.59 and a beta of 1.02. The company's 50 day simple moving average is $188.91 and its 200-day simple moving average is $181.21.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.88. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. As a group, equities analysts anticipate 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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

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.