Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 21.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,086 shares of the financial services provider’s stock after selling 294 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Interactive Brokers Group were worth $207,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Mawer Investment Management Ltd. boosted its holdings in Interactive Brokers Group by 9.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 127,998 shares of the financial services provider’s stock worth $22,613,000 after buying an additional 10,941 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $12,015,000. Maridea Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $747,000. Brown Brothers Harriman & Co. increased its stake in shares of Interactive Brokers Group by 5.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 7,807 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 386 shares in the last quarter. Finally, DnB Asset Management AS acquired a new position in Interactive Brokers Group in the 4th quarter worth about $250,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $146.08 on Monday. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The stock has a market cap of $61.73 billion, a PE ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 1.02. The stock has a 50 day moving average price of $197.90 and a 200 day moving average price of $180.09.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. During the same period last year, the business earned $1.52 earnings per share. As a group, 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s payout ratio is presently 14.16%.

Analyst Ratings Changes

Several analysts have commented on IBKR shares. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. 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. StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Finally, UBS Group upped their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $203.50.

Insider Buying and Selling

In related news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were bought 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.99% of the stock is currently owned by company insiders.

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.