Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,071,517 shares of the financial services provider's stock after selling 127,624 shares during the quarter. Vanguard Group Inc. owned approximately 2.38% of Interactive Brokers Group worth $1,779,335,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Pathstone Holdings LLC raised its stake in shares of Interactive Brokers Group by 7.0% during the 3rd quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider's stock worth $1,721,000 after acquiring an additional 811 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Interactive Brokers Group by 34.3% during the third quarter. Advisors Asset Management Inc. now owns 3,744 shares of the financial services provider's stock worth $522,000 after purchasing an additional 957 shares in the last quarter. Cerity Partners LLC grew its stake in Interactive Brokers Group by 60.2% in the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider's stock valued at $425,000 after acquiring an additional 1,146 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at about $586,000. Finally, FMR LLC raised its holdings in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after acquiring an additional 119,187 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

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Interactive Brokers Group Price Performance

IBKR stock traded down $4.28 on Friday, hitting $164.72. 2,372,708 shares of the company were exchanged, compared to its average volume of 1,235,632. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The business's fifty day moving average is $201.93 and its two-hundred day moving average is $178.45. The stock has a market capitalization of $69.61 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the business posted $1.52 EPS. The business's quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target 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. Citigroup boosted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Tuesday, March 25th. UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.13.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction dated 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 directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.99% of the company's stock.

About Interactive Brokers Group

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.