Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 18.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 287,800 shares of the financial services provider's stock after selling 66,305 shares during the period. TimesSquare Capital Management LLC owned approximately 0.07% of Interactive Brokers Group worth $50,846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock worth $559,821,000 after purchasing an additional 11,379 shares during the period. State Street Corp boosted its stake in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after acquiring an additional 52,911 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock worth $287,921,000 after acquiring an additional 106,392 shares in the last quarter. FMR LLC boosted its stake in shares of Interactive Brokers Group by 12.2% during the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock worth $152,543,000 after acquiring an additional 119,187 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in shares of Interactive Brokers Group by 16.3% during the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider's stock worth $127,181,000 after acquiring an additional 127,640 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on IBKR. Citigroup increased their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Piper Sandler reissued an "overweight" rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Barclays increased their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. 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.com, the company has an average rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded down $7.32 during midday trading on Friday, reaching $218.68. The company had a trading volume of 2,100,905 shares, compared to its average volume of 1,764,461. The company has a market capitalization of $92.40 billion, a P/E ratio of 30.97, a P/E/G 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 firm's fifty day simple moving average is $201.39 and its 200-day simple moving average is $167.41.

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 analysts' consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during 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%. 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 firm earned $1.52 EPS. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the business's stock in a transaction on Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 3.21% of the stock is owned by insiders.

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.