Strategic Investment Advisors MI Lowers Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Strategic Investment Advisors MI lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,183 shares of the financial services provider’s stock after selling 809 shares during the quarter. Strategic Investment Advisors MI’s holdings in Interactive Brokers Group were worth $1,092,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IBKR. Donoghue Forlines LLC bought a new position in Interactive Brokers Group in the 4th quarter valued at $2,088,000. Aurora Investment Counsel purchased a new position in Interactive Brokers Group during the third quarter valued at approximately $1,693,000. Friedenthal Financial acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $775,000. Versor Investments LP acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $474,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth approximately $1,215,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 5.0 %

Shares of IBKR opened at $218.99 on Monday. The stock has a market cap of $92.53 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 0.87. The company has a 50-day moving average price of $186.09 and a two-hundred day moving average price of $153.30. Interactive Brokers Group, Inc. has a 12 month low of $88.22 and a 12 month high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same period last year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Analyst Upgrades and Downgrades

IBKR has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted 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. Piper Sandler reaffirmed 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. Citigroup increased their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays raised their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $192.25.

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.