Sterling Capital Management LLC Has $1.11 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sterling Capital Management LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 55.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,256 shares of the financial services provider's stock after purchasing an additional 2,221 shares during the period. Sterling Capital Management LLC's holdings in Interactive Brokers Group were worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. Donoghue Forlines LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $2,088,000. Union Bancaire Privee UBP SA acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $3,750,000. Friedenthal Financial purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $775,000. New Millennium Group LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $1,215,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the company's stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.99% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on IBKR shares. StockNews.com lowered shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Friday. Bank of America cut their price target on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating on the stock in a research note on Wednesday. UBS Group raised 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 raised their price objective on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Piper Sandler decreased their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $207.88.

Interactive Brokers Group Trading Up 1.0 %

IBKR stock traded up $1.62 during midday trading on Friday, hitting $159.52. The stock had a trading volume of 2,278,383 shares, compared to its average volume of 1,346,069. The stock has a 50-day simple moving average of $183.78 and a 200 day simple moving average of $181.29. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The firm has a market capitalization of $67.41 billion, a price-to-earnings ratio of 22.59, a P/E/G ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group shares are scheduled to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be payable to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.63%. Interactive Brokers Group's dividend payout ratio 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.