Interactive Brokers Group, Inc. (NASDAQ:IBKR) is Firetrail Investments PTY Ltd.’s 3rd Largest Position

Firetrail Investments PTY Ltd. cut its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.7% in the 4th quarter, according to its most recent disclosure with the 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 makes up about 7.0% of Firetrail Investments PTY Ltd.’s investment portfolio, making the stock its 3rd largest holding. Firetrail Investments PTY Ltd.’s holdings in Interactive Brokers Group were worth $23,444,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the fourth quarter valued at approximately $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group during the fourth quarter valued at $28,000. Versant Capital Management Inc grew its holdings 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 worth $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 0.4 %

Shares of IBKR stock opened at $204.40 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The stock 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. The business has a fifty day simple moving average of $204.34 and a 200-day simple moving average of $170.96.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Piper Sandler reaffirmed 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. Barclays lifted 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, January 22nd. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Citigroup lifted their price target 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 research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

About Interactive Brokers Group

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.