Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,607 shares of the financial services provider’s stock after selling 5,980 shares during the quarter. Interactive Brokers Group makes up 0.8% of Inspire Investing LLC’s holdings, making the stock its 14th biggest position. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $6,997,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Townsquare Capital LLC lifted its stake in shares of Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc raised its stake in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares during the period. Koshinski Asset Management Inc. raised its stake in Interactive Brokers Group by 3.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 81 shares during the period. Finally, Uncommon Cents Investing LLC raised its stake in Interactive Brokers Group by 0.5% during the fourth quarter. Uncommon Cents Investing LLC now owns 17,120 shares of the financial services provider’s stock worth $3,025,000 after purchasing an additional 90 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IBKR. Barclays boosted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday. Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday. Citigroup lifted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. 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 report on Monday, January 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $192.25.

Interactive Brokers Group Stock Up 8.8 %

NASDAQ IBKR opened at $209.78 on Thursday. The stock 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, Inc. has a 52 week low of $88.22 and a 52 week high of $211.14. The firm has a 50 day moving average of $184.70 and a two-hundred day moving average of $151.85.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

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.