Envestnet Asset Management Inc. Lowers Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Envestnet Asset Management Inc. lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 330,616 shares of the financial services provider’s stock after selling 11,852 shares during the period. Envestnet Asset Management Inc. owned about 0.08% of Interactive Brokers Group worth $58,410,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IBKR. Quantinno Capital Management LP boosted its position in Interactive Brokers Group by 82.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider’s stock worth $441,000 after purchasing an additional 1,430 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Interactive Brokers Group by 21.0% during the 3rd quarter. National Bank of Canada FI now owns 9,210 shares of the financial services provider’s stock valued at $1,284,000 after buying an additional 1,598 shares in the last quarter. MML Investors Services LLC lifted its position in shares of Interactive Brokers Group by 10.2% during the 3rd quarter. MML Investors Services LLC now owns 9,309 shares of the financial services provider’s stock valued at $1,297,000 after buying an additional 858 shares in the last quarter. Vestcor Inc lifted its position in shares of Interactive Brokers Group by 5.7% during the 3rd quarter. Vestcor Inc now owns 15,986 shares of the financial services provider’s stock valued at $2,228,000 after buying an additional 868 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after buying an additional 106,392 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods increased their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Piper Sandler decreased their target price on Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a research report on Tuesday. Citigroup decreased their target price on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday, April 2nd. Finally, StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.88.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.99% of the stock is currently owned by company insiders.

Interactive Brokers Group Trading Up 16.1 %

IBKR opened at $170.72 on Thursday. The firm has a market capitalization of $72.14 billion, a PE ratio of 24.18, a PEG ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The firm’s 50-day moving average price is $192.31 and its 200 day moving average price is $180.22.

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, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates 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 was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.52 EPS. As a group, analysts predict 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 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 annualized dividend and a yield of 0.59%. Interactive Brokers Group’s payout ratio is 14.16%.

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.