Sanctuary Advisors LLC Has $3.76 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sanctuary Advisors LLC trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,280 shares of the financial services provider’s stock after selling 357 shares during the quarter. Sanctuary Advisors LLC’s holdings in Interactive Brokers Group were worth $3,760,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IBKR. JPMorgan Chase & Co. increased its stake 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 valued at $559,821,000 after purchasing an additional 11,379 shares in the last quarter. State Street Corp grew its holdings in shares of Interactive Brokers Group by 1.7% during 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 last quarter. Geode Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 5.4% during 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 last quarter. FMR LLC increased its position in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after acquiring an additional 119,187 shares in the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after acquiring an additional 127,640 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

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 dated 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 in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.21% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lifted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Citigroup upped 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. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $218.68 on Friday. The company has a market capitalization of $92.40 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The business has a fifty day moving average price of $201.39 and a two-hundred day moving average price of $167.41.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.52 earnings per share. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 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.