Interactive Brokers Group, Inc. (NASDAQ:IBKR) Position Trimmed by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 17.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,659 shares of the financial services provider’s stock after selling 773 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Interactive Brokers Group were worth $646,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Townsquare Capital LLC increased its position in Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after acquiring an additional 67 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Interactive Brokers Group by 0.3% in 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 in the last quarter. Versant Capital Management Inc increased its holdings in shares of 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 valued at $31,000 after purchasing an additional 71 shares during the period. Koshinski Asset Management Inc. raised its stake in shares of 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 valued at $398,000 after purchasing an additional 81 shares in the last quarter. Finally, Uncommon Cents Investing LLC lifted its holdings in Interactive Brokers Group by 0.5% in 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. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Citigroup boosted their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. 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 report on Wednesday. UBS Group boosted their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday. Finally, Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average price target of $192.25.

Interactive Brokers Group Stock Down 0.6 %

Shares of Interactive Brokers Group stock opened at $208.55 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $88.22 and a 12-month high of $212.84. The stock has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. The company has a 50-day simple moving average of $185.31 and a 200 day simple moving average of $152.25.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same period in the previous year, the business earned $1.52 EPS. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced 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 is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. Interactive Brokers Group’s payout ratio is currently 14.16%.

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.