EULAV Asset Management Sells 1,000 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

EULAV Asset Management trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 25,000 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. EULAV Asset Management’s holdings in Interactive Brokers Group were worth $4,417,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after purchasing an additional 11,379 shares in the last quarter. State Street Corp boosted its stake in Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after buying an additional 52,911 shares in the last quarter. Geode Capital Management LLC raised its stake in Interactive Brokers Group by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after acquiring an additional 106,392 shares in the last quarter. FMR LLC boosted its stake in shares of Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after purchasing an additional 119,187 shares in the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after purchasing an additional 127,640 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Citigroup increased 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. Keefe, Bruyette & Woods upped their price target 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. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.13.

Insiders Place Their Bets

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.21% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $231.14 on Friday. The company’s 50 day simple moving average is $192.09 and its 200 day simple moving average is $159.65. Interactive Brokers Group, Inc. has a fifty-two week low of $94.45 and a fifty-two week high of $235.29. The firm has a market capitalization of $97.66 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 earnings per share. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. 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.