Investmentaktiengesellschaft Fuer Langfristige Investoren TGV Reduces Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Investmentaktiengesellschaft Fuer Langfristige Investoren TGV cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 50.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,000 shares of the financial services provider’s stock after selling 127,747 shares during the quarter. Interactive Brokers Group makes up approximately 1.6% of Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s investment portfolio, making the stock its 10th largest holding. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV’s holdings in Interactive Brokers Group were worth $22,369,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in IBKR. Creative Planning raised its holdings in Interactive Brokers Group by 5.5% in the 3rd quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock valued at $1,142,000 after buying an additional 428 shares during the last quarter. Signaturefd LLC increased its position in shares of Interactive Brokers Group by 9.5% during the third quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after buying an additional 118 shares during the period. International Assets Investment Management LLC lifted its holdings in Interactive Brokers Group by 13,967.5% in the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after buying an additional 148,055 shares during the period. CENTRAL TRUST Co lifted its holdings in Interactive Brokers Group by 9.3% in the third quarter. CENTRAL TRUST Co now owns 5,244 shares of the financial services provider’s stock valued at $731,000 after buying an additional 447 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in Interactive Brokers Group by 1,117.7% during the third quarter. Assenagon Asset Management S.A. now owns 108,950 shares of the financial services provider’s stock valued at $15,183,000 after acquiring an additional 100,003 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction dated 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 transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on IBKR shares. 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. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Trading Down 3.2 %

Shares of NASDAQ:IBKR opened at $218.68 on Friday. The stock has a market capitalization of $92.40 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The stock’s 50-day moving average price is $201.39 and its 200-day moving average price is $167.81.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business earned $1.52 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 0.46%. Interactive Brokers Group’s payout ratio is 14.16%.

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.