Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. trimmed its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,902 shares of the financial services provider’s stock after selling 388 shares during the quarter. D.A. Davidson & CO.’s holdings in Interactive Brokers Group were worth $1,926,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IBKR. Creative Planning grew its holdings in shares of Interactive Brokers Group by 5.5% in the 3rd quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock worth $1,142,000 after acquiring an additional 428 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Interactive Brokers Group by 9.5% in the 3rd quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 118 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 13,967.5% in the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock worth $20,781,000 after acquiring an additional 148,055 shares during the last quarter. CENTRAL TRUST Co grew its holdings in shares of Interactive Brokers Group by 9.3% in the 3rd quarter. CENTRAL TRUST Co now owns 5,244 shares of the financial services provider’s stock worth $731,000 after acquiring an additional 447 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Interactive Brokers Group by 1,117.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 108,950 shares of the financial services provider’s stock worth $15,183,000 after acquiring an additional 100,003 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on IBKR shares. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their target price on 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. Finally, UBS Group raised their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Trading Down 3.2 %

IBKR opened at $218.68 on Friday. The stock has a market cap of $92.40 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock has a fifty day moving average price of $201.39 and a 200 day moving average price of $167.81.

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, beating analysts’ consensus estimates 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 return on equity of 5.00% and a net margin of 9.25%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is currently 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.