Los Angeles Capital Management LLC Has $421,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Los Angeles Capital Management LLC lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 21.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,381 shares of the financial services provider’s stock after selling 660 shares during the period. Los Angeles Capital Management LLC’s holdings in Interactive Brokers Group were worth $421,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in IBKR. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $83,630,000. Waverton Investment Management Ltd bought a new position in Interactive Brokers Group in the third quarter worth $26,946,000. Lord Abbett & CO. LLC acquired a new stake in Interactive Brokers Group during the third quarter worth $25,085,000. Bamco Inc. NY increased its holdings in 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 valued at $127,181,000 after buying an additional 127,640 shares during the period. Finally, Progeny 3 Inc. acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at $17,699,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity

In related news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.21% of the stock is owned by insiders.

Interactive Brokers Group Price Performance

IBKR stock opened at $201.53 on Tuesday. The business has a fifty day moving average price of $204.81 and a 200 day moving average price of $171.90. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The stock has a market capitalization of $85.15 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 1.59 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company 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%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company posted $1.52 earnings per share. On average, equities analysts expect 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

About Interactive Brokers Group

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.