Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Holdings Decreased by Smithfield Trust Co

Smithfield Trust Co reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 44.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 191 shares of the financial services provider’s stock after selling 154 shares during the period. Smithfield Trust Co’s holdings in Interactive Brokers Group were worth $34,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of Interactive Brokers Group by 18.6% during the fourth quarter. Victory Capital Management Inc. now owns 196,542 shares of the financial services provider’s stock worth $34,723,000 after purchasing an additional 30,891 shares during the period. Keybank National Association OH boosted its holdings in shares of Interactive Brokers Group by 37.5% during the fourth quarter. Keybank National Association OH now owns 2,931 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 800 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Interactive Brokers Group by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 818,198 shares of the financial services provider’s stock worth $144,551,000 after purchasing an additional 18,775 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in shares of Interactive Brokers Group by 1.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 26,292 shares of the financial services provider’s stock worth $4,645,000 after purchasing an additional 318 shares during the period. Finally, Fidelis Capital Partners LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $215,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on IBKR. Piper Sandler restated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. 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 note on Tuesday, December 3rd. Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. UBS Group lifted 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. Finally, Barclays lifted their target price 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Trading Up 0.3 %

Shares of Interactive Brokers Group stock opened at $196.69 on Thursday. The firm has a fifty day simple moving average of $205.12 and a 200-day simple moving average of $172.43. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The stock has a market capitalization of $83.11 billion, a price-to-earnings ratio of 27.86, a PEG 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 (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm posted $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.21% of the company’s stock.

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.