Raleigh Capital Management Inc. Sells 365 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Raleigh Capital Management Inc. lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,520 shares of the financial services provider’s stock after selling 365 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Interactive Brokers Group were worth $798,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. UMB Bank n.a. increased its holdings in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares during the last quarter. Finally, Fortitude Family Office LLC raised its position in Interactive Brokers Group by 105.7% during the fourth quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 148 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Citigroup boosted their price target 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. The Goldman Sachs Group raised their price objective on 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 target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.25.

Interactive Brokers Group Price Performance

IBKR opened at $209.78 on Thursday. The business has a fifty day simple moving average of $184.70 and a 200 day simple moving average of $151.85. Interactive Brokers Group, Inc. has a 1 year low of $88.22 and a 1 year high of $211.14. The company has a market capitalization of $88.64 billion, a PE ratio of 29.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same quarter in the previous year, the business posted $1.52 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. Interactive Brokers Group’s dividend payout ratio is presently 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.