Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,902 shares of the financial services provider’s stock after selling 388 shares during the quarter. D.A. Davidson & CO.’s holdings in Interactive Brokers Group were worth $1,926,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of IBKR. Sumitomo Mitsui Trust Group Inc. bought a new position in Interactive Brokers Group during the 3rd quarter worth approximately $83,630,000. Waverton Investment Management Ltd bought a new position in Interactive Brokers Group during the 3rd quarter worth approximately $26,946,000. Lord Abbett & CO. LLC bought a new position in Interactive Brokers Group during the 3rd quarter worth approximately $25,085,000. International Assets Investment Management LLC lifted its holdings in Interactive Brokers Group by 13,967.5% during the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock worth $20,781,000 after buying an additional 148,055 shares during the last quarter. Finally, Bamco Inc. NY lifted its holdings in Interactive Brokers Group by 16.3% during the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after buying an additional 127,640 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The shares were bought 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 in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on IBKR shares. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

IBKR opened at $218.68 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The stock has a market cap of $92.40 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.59 and a beta of 0.89. 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 posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm earned $1.52 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 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.