Securian Asset Management Inc. Decreases Stock Position in Interactive Brokers Group, Inc. $IBKR

Securian Asset Management Inc. trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 43.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,110 shares of the financial services provider’s stock after selling 9,392 shares during the quarter. Securian Asset Management Inc.’s holdings in Interactive Brokers Group were worth $779,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC boosted its stake in Interactive Brokers Group by 7.2% during the 4th quarter. LRI Investments LLC now owns 3,496 shares of the financial services provider’s stock worth $225,000 after purchasing an additional 236 shares during the last quarter. Crossmark Global Holdings Inc. raised its position in shares of Interactive Brokers Group by 28.2% in the fourth quarter. Crossmark Global Holdings Inc. now owns 45,207 shares of the financial services provider’s stock valued at $2,907,000 after buying an additional 9,933 shares during the last quarter. Ethic Inc. lifted its stake in shares of Interactive Brokers Group by 16.4% in the fourth quarter. Ethic Inc. now owns 42,923 shares of the financial services provider’s stock worth $2,760,000 after buying an additional 6,054 shares in the last quarter. Costello Asset Management INC lifted its stake in shares of Interactive Brokers Group by 15.0% in the fourth quarter. Costello Asset Management INC now owns 7,535 shares of the financial services provider’s stock worth $485,000 after buying an additional 980 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in Interactive Brokers Group by 3.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 6,552 shares of the financial services provider’s stock worth $421,000 after acquiring an additional 204 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Up 0.6%

IBKR stock opened at $85.12 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $49.15 and a 52-week high of $87.37. The stock has a market cap of $144.39 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.34 and a beta of 1.32. The business has a fifty day moving average of $73.16 and a two-hundred day moving average of $70.80.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.94 EPS. As a group, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is 13.79%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Piper Sandler increased their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Jefferies Financial Group lowered their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a report on Friday, May 1st. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective for the company. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $83.25.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.