Bank of Montreal Can Has $4.87 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bank of Montreal Can cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,554 shares of the financial services provider’s stock after selling 2,485 shares during the period. Bank of Montreal Can’s holdings in Interactive Brokers Group were worth $4,868,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its stake in Interactive Brokers Group by 39.8% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 53 shares in the last quarter. KG&L Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 60 shares during the period. Versant Capital Management Inc raised its position in shares of Interactive Brokers Group by 66.4% in the fourth 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 in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Interactive Brokers Group by 2.6% in the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock valued at $502,000 after buying an additional 73 shares during the period. Finally, Lebenthal Global Advisors LLC boosted its stake in shares of Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 78 shares during the period. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of Interactive Brokers Group 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 completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.99% of the company’s stock.

Interactive Brokers Group Trading Up 1.0 %

Shares of Interactive Brokers Group stock opened at $172.99 on Tuesday. The firm’s 50 day moving average is $188.91 and its 200 day moving average is $181.21. The firm has a market capitalization of $73.10 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Interactive Brokers Group’s payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several analyst reports. StockNews.com raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Thursday, April 10th. Barclays dropped their price target on Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Keefe, Bruyette & Woods raised their target price on shares of 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 cut their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, UBS Group lifted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $195.88.

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.