Warther Private Wealth LLC Sells 7,315 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Warther Private Wealth LLC reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,260 shares of the financial services provider's stock after selling 7,315 shares during the period. Interactive Brokers Group comprises 3.4% of Warther Private Wealth LLC's portfolio, making the stock its 13th largest position. Warther Private Wealth LLC's holdings in Interactive Brokers Group were worth $10,116,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in IBKR. KG&L Capital Management LLC grew its position in shares of Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock worth $428,000 after acquiring an additional 60 shares during the last quarter. Townsquare Capital LLC grew its position in shares of Interactive Brokers Group by 1.2% during the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock worth $760,000 after acquiring an additional 67 shares during the last quarter. TD Private Client Wealth LLC grew its position in shares of Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock worth $2,759,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after acquiring an additional 71 shares during the last quarter. Finally, Lebenthal Global Advisors LLC grew its position in shares of Interactive Brokers Group by 1.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider's stock worth $1,270,000 after acquiring an additional 78 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the company's stock in a transaction dated Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. Corporate insiders own 3.21% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBKR. Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, Citigroup upped their price target 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. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of "Moderate Buy" and an average target price of $204.13.

Interactive Brokers Group Price Performance

NASDAQ IBKR traded down $0.73 on Friday, hitting $234.12. 1,672,620 shares of the company were exchanged, compared to its average volume of 1,813,609. The company's 50 day moving average price is $196.38 and its 200-day moving average price is $163.78. The firm has a market capitalization of $98.92 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a twelve month low of $101.36 and a twelve month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm 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%. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.52 EPS. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business 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 dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.43%. Interactive Brokers Group's 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.