Vanguard Group Inc. Has $1.78 Billion Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Vanguard Group Inc. trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,071,517 shares of the financial services provider’s stock after selling 127,624 shares during the period. Vanguard Group Inc. owned approximately 2.38% of Interactive Brokers Group worth $1,779,335,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter worth $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group during the 4th quarter worth $28,000. Versant Capital Management Inc lifted its holdings 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 in the last quarter. Blue Trust Inc. grew its stake in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $33,000. Institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.99% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on IBKR. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective 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. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Trading Down 3.0 %

Shares of IBKR opened at $173.94 on Thursday. The stock has a market capitalization of $73.50 billion, a price-to-earnings ratio of 24.64, a PEG ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The firm has a fifty day simple moving average of $202.82 and a 200 day simple moving average of $177.84.

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

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Interactive Brokers Group’s dividend payout ratio is 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.