Signaturefd LLC Sells 381 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Signaturefd LLC trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 978 shares of the financial services provider’s stock after selling 381 shares during the quarter. Signaturefd LLC’s holdings in Interactive Brokers Group were worth $173,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. KG&L Capital Management LLC increased its position 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 acquiring an additional 60 shares during the period. Townsquare Capital LLC increased its position 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 acquiring an additional 67 shares during the period. TD Private Client Wealth LLC increased its position 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 acquiring an additional 69 shares during the period. Versant Capital Management Inc increased its position 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 acquiring an additional 71 shares during the period. Finally, Lebenthal Global Advisors LLC increased its position 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 acquiring an additional 78 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Down 1.4 %

Shares of Interactive Brokers Group stock opened at $173.36 on Friday. The firm has a market capitalization of $73.26 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm’s 50 day moving average is $203.19 and its 200 day moving average is $176.73. 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) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBKR shares. UBS Group raised their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday, March 17th. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

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.