Warther Private Wealth LLC Sells 7,315 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Warther Private Wealth LLC cut its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,260 shares of the financial services provider’s stock after selling 7,315 shares during the quarter. Interactive Brokers Group comprises approximately 3.4% of Warther Private Wealth LLC’s holdings, making the stock its 13th largest holding. Warther Private Wealth LLC’s holdings in Interactive Brokers Group were worth $10,116,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. AQR Capital Management LLC purchased a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $250,000. Park Avenue Securities LLC purchased a new position in Interactive Brokers Group during the 3rd quarter valued at $205,000. UMB Bank n.a. boosted its holdings in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares during the period. Ritholtz Wealth Management bought a new position in Interactive Brokers Group in the 3rd quarter valued at $263,000. Finally, Creative Planning increased its stake in Interactive Brokers Group by 5.5% in the third quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock worth $1,142,000 after purchasing an additional 428 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.21% of the company’s stock.

Analyst Ratings Changes

IBKR has been the subject of a number of recent analyst reports. Citigroup boosted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Finally, 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 2.1 %

Interactive Brokers Group stock opened at $221.47 on Wednesday. The firm has a market cap of $93.58 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.62 and a beta of 0.89. The business has a fifty day moving average of $193.60 and a two-hundred day moving average of $161.69. Interactive Brokers Group, Inc. has a twelve month low of $97.75 and a twelve month high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping 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 analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $1.52 EPS. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share 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 issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

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.