Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Scotia Capital Inc.

Scotia Capital Inc. lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,564 shares of the financial services provider’s stock after selling 5,766 shares during the quarter. Scotia Capital Inc.’s holdings in Interactive Brokers Group were worth $7,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Donoghue Forlines LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at $2,088,000. Union Bancaire Privee UBP SA acquired a new position in Interactive Brokers Group during the fourth quarter worth about $3,750,000. Friedenthal Financial bought a new stake in Interactive Brokers Group in the fourth quarter worth about $775,000. New Millennium Group LLC bought a new stake in Interactive Brokers Group in the fourth quarter worth about $2,319,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in Interactive Brokers Group in the 4th quarter valued at about $1,215,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IBKR. Barclays lowered their price objective on shares of Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating on the stock in a research note on Monday. Citigroup dropped their price target on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, April 2nd. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted 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. Finally, Piper Sandler reduced their target price on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.88.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $164.31 on Friday. The business’s 50-day moving average is $191.12 and its 200-day moving average is $180.42. The company has a market capitalization of $69.43 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

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, topping analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. Equities research 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased 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 owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.99% of the stock is owned by corporate insiders.

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.