Wells Fargo & Company MN Has $167.45 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wells Fargo & Company MN cut its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 947,826 shares of the financial services provider's stock after selling 55,124 shares during the quarter. Wells Fargo & Company MN owned 0.22% of Interactive Brokers Group worth $167,452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its position in Interactive Brokers Group by 8,249.3% during the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after purchasing an additional 1,476,135 shares in the last quarter. Norges Bank bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at $229,316,000. Raymond James Financial Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $120,046,000. Geode Capital Management LLC lifted its position in shares of Interactive Brokers Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock worth $399,205,000 after buying an additional 193,497 shares during the last quarter. Finally, Twin Tree Management LP lifted its position in shares of Interactive Brokers Group by 492.8% during the 4th quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock worth $40,130,000 after buying an additional 188,827 shares during the last quarter. Institutional investors own 23.80% of the company's stock.

Insider Buying and Selling

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The stock was purchased 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 $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on IBKR. Barclays lowered their target price on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research note on Monday. Piper Sandler lowered 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 research report on Tuesday. StockNews.com upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Thursday. Citigroup decreased their target price 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. Finally, Keefe, Bruyette & Woods increased their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $195.88.

Interactive Brokers Group Stock Up 4.3 %

NASDAQ IBKR traded up $7.04 on Friday, hitting $171.35. The company's stock had a trading volume of 2,479,105 shares, compared to its average volume of 1,316,119. The firm has a market cap of $72.41 billion, a PE ratio of 24.27, a PEG ratio of 1.59 and a beta of 1.02. The company's 50-day moving average is $190.12 and its 200 day moving average is $180.66. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year 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 for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during 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%. Interactive Brokers Group's quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group's dividend payout ratio (DPR) is 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.