Stanley Laman Group Ltd. Sells 2,594 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Stanley Laman Group Ltd. lowered its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.3% in the fourth quarter, HoldingsChannel reports. The firm owned 22,473 shares of the financial services provider’s stock after selling 2,594 shares during the period. Stanley Laman Group Ltd.’s holdings in Interactive Brokers Group were worth $3,970,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. KG&L Capital Management LLC grew its holdings in 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 purchasing an additional 60 shares during the period. Townsquare Capital LLC grew its holdings in 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 purchasing an additional 67 shares during the period. TD Private Client Wealth LLC grew its holdings in 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 purchasing an additional 69 shares during the period. Versant Capital Management Inc grew its holdings in 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 period. Finally, Lebenthal Global Advisors LLC grew its holdings in 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 purchasing an additional 78 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Citigroup boosted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $230.20 on Thursday. The stock has a market capitalization of $97.26 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52 week low of $98.07 and a 52 week high of $235.29. The stock has a fifty day moving average of $194.48 and a 200-day moving average of $162.17.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared 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 of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insiders Place Their Bets

In other news, Director Jill Bright bought 135 shares of Interactive Brokers Group 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 purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.21% of the company’s stock.

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.