Firetrail Investments PTY Ltd. Sells 6,530 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Firetrail Investments PTY Ltd. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 132,219 shares of the financial services provider’s stock after selling 6,530 shares during the period. Interactive Brokers Group comprises about 7.0% of Firetrail Investments PTY Ltd.’s holdings, making the stock its 3rd largest position. Firetrail Investments PTY Ltd.’s holdings in Interactive Brokers Group were worth $23,444,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $25,000. SRH Advisors LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc raised its holdings in 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 acquiring an additional 71 shares in the last quarter. Blue Trust Inc. raised its holdings in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Interactive Brokers Group Price Performance

Shares of IBKR opened at $204.40 on Friday. The firm has a 50 day simple moving average of $204.34 and a two-hundred day simple moving average of $170.96. The company has a market cap of $86.36 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share 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. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.21% of the company’s stock.

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.