Los Angeles Capital Management LLC Sells 660 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Los Angeles Capital Management LLC decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 21.7% in the 4th quarter, Holdings Channel reports. The institutional investor 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 quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Blackhawk Capital Partners LLC. raised its position in shares of Interactive Brokers Group by 35.7% during the 4th quarter. Blackhawk Capital Partners LLC. now owns 9,603 shares of the financial services provider’s stock valued at $1,697,000 after acquiring an additional 2,528 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co increased its holdings in Interactive Brokers Group by 2.4% in the fourth quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 54,828 shares of the financial services provider’s stock valued at $9,686,000 after purchasing an additional 1,283 shares during the last quarter. Waverton Investment Management Ltd lifted its stake in Interactive Brokers Group by 4.0% in the fourth quarter. Waverton Investment Management Ltd now owns 201,125 shares of the financial services provider’s stock valued at $35,521,000 after buying an additional 7,776 shares during the period. Y Intercept Hong Kong Ltd bought a new position in Interactive Brokers Group during the fourth quarter worth about $904,000. Finally, Union Bancaire Privee UBP SA bought a new position in Interactive Brokers Group during the fourth quarter worth about $3,750,000. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired 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 owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.21% of the stock is owned by corporate insiders.

Interactive Brokers Group Trading Down 1.4 %

IBKR opened at $201.53 on Tuesday. The stock has a market capitalization of $85.15 billion, a P/E ratio of 28.55, a P/E/G 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 firm’s fifty day simple moving average is $204.81 and its 200 day simple moving average is $171.90.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results 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 company had revenue of $1.39 billion for 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 company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays lifted their price target 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. Keefe, Bruyette & Woods upped their price objective on shares of 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. Finally, The Goldman Sachs Group raised their price objective 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average 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.