Thompson Siegel & Walmsley LLC decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 82.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 28,500 shares of the financial services provider’s stock after selling 135,356 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Interactive Brokers Group were worth $1,833,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC boosted its position in Interactive Brokers Group by 1.3% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after purchasing an additional 143 shares during the last quarter. Caitlin John LLC boosted its position in Interactive Brokers Group by 0.6% during the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 153 shares during the last quarter. S&CO Inc. boosted its position in Interactive Brokers Group by 0.3% during the fourth quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after purchasing an additional 160 shares during the last quarter. Thrive Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 1.8% in the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after buying an additional 162 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock worth $533,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have weighed in on IBKR. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target for the company. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research report on Friday, May 1st. Jefferies Financial Group reduced their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, BMO Capital Markets boosted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $83.25.
Insider Buying and Selling at Interactive Brokers Group
In other news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.
Interactive Brokers Group Stock Up 0.0%
Shares of NASDAQ IBKR opened at $88.72 on Wednesday. The business’s 50 day moving average is $77.44 and its two-hundred day moving average is $72.10. The company has a market cap of $150.50 billion, a P/E ratio of 38.24, a P/E/G ratio of 2.45 and a beta of 1.32. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $91.02.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.94 EPS. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.
Interactive Brokers Group Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is currently 15.09%.
About Interactive Brokers Group
Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.
Its product suite centers on advanced trading platforms and infrastructure.
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