Bank of Montreal Can Sells 2,485 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bank of Montreal Can lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC raised its position in shares of Interactive Brokers Group by 17.1% during the fourth quarter. FMR LLC now owns 1,281,882 shares of the financial services provider’s stock worth $226,470,000 after purchasing an additional 187,284 shares during the period. Polymer Capital Management HK LTD bought a new stake in Interactive Brokers Group during the 4th quarter worth approximately $1,750,000. Aster Capital Management DIFC Ltd raised its holdings in Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. Quadrant Capital Group LLC lifted its stake in 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Interactive Brokers Group by 2.2% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 4,301 shares of the financial services provider’s stock valued at $760,000 after buying an additional 93 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on IBKR. Piper Sandler dropped their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods lifted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Barclays reduced their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a research report on Monday, April 7th. Citigroup dropped 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, UBS Group upped their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $195.88.

Interactive Brokers Group Stock Up 1.0 %

IBKR stock opened at $172.99 on Tuesday. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The company has a market cap of $73.10 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 1.59 and a beta of 1.02. The business has a 50 day moving average price of $188.91 and a two-hundred day moving average price of $181.21.

Interactive Brokers Group (NASDAQ:IBKR) last released 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business earned $1.52 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS 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. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group’s payout ratio is 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.