Warther Private Wealth LLC Decreases Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Warther Private Wealth LLC cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,260 shares of the financial services provider’s stock after selling 7,315 shares during the quarter. Interactive Brokers Group comprises approximately 3.4% of Warther Private Wealth LLC’s investment portfolio, making the stock its 13th biggest holding. Warther Private Wealth LLC’s holdings in Interactive Brokers Group were worth $10,116,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $25,000. Versant Capital Management Inc raised its holdings 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 purchasing an additional 71 shares during the last quarter. Blue Trust Inc. lifted its position in Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 88 shares during the period. Harbor Investment Advisory LLC boosted its holdings in Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Finally, UMB Bank n.a. grew its position in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBKR has been the subject of several analyst reports. Piper Sandler reissued 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. 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 research report on Monday, January 13th. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, 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 research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Down 2.1 %

NASDAQ IBKR opened at $221.47 on Wednesday. The business’s fifty day simple moving average is $193.60 and its 200-day simple moving average is $161.69. The firm has a market cap of $93.58 billion, a PE ratio of 31.37, a P/E/G ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52 week low of $97.75 and a 52 week high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR) last released 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 during the quarter, compared to analysts’ expectations 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 revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share. Research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.45%. Interactive Brokers Group’s payout ratio is 14.16%.

Insiders Place Their Bets

In related news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost 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. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.21% of the stock is owned by insiders.

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.