Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Position Lowered by EULAV Asset Management

EULAV Asset Management trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,000 shares of the financial services provider’s stock after selling 1,000 shares during the period. EULAV Asset Management’s holdings in Interactive Brokers Group were worth $4,417,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

IBKR has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Citigroup boosted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $231.14 on Friday. The company has a market capitalization of $97.66 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.54 and a beta of 0.89. The stock’s 50 day simple moving average is $192.09 and its 200 day simple moving average is $159.65. Interactive Brokers Group, Inc. has a twelve month low of $94.45 and a twelve month high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The business 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 for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired 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 owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.21% of the stock is currently owned by corporate insiders.

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.