Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,473 shares of the financial services provider’s stock after selling 2,594 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Interactive Brokers Group were worth $3,970,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its position in Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares during the period. State Street Corp lifted its holdings in shares of Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after buying an additional 52,911 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after buying an additional 106,392 shares during the period. FMR LLC lifted its holdings in shares of Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after buying an additional 119,187 shares during the period. Finally, Bamco Inc. NY lifted its holdings in shares of Interactive Brokers Group by 16.3% in the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after buying an additional 127,640 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 3.9 %

Interactive Brokers Group stock opened at $230.20 on Thursday. The business has a 50 day moving average price of $194.48 and a two-hundred day moving average price of $162.17. The stock has a market cap of $97.26 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 12 month low of $98.07 and a 12 month high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the firm posted $1.52 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share 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. Investors of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. Interactive Brokers Group’s dividend payout ratio is 14.16%.

Analyst Ratings Changes

Several brokerages have recently weighed in on IBKR. Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Barclays upped their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup boosted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate 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.