Raleigh Capital Management Inc. Sells 365 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Raleigh Capital Management Inc. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,520 shares of the financial services provider’s stock after selling 365 shares during the quarter. Raleigh Capital Management Inc.’s holdings in Interactive Brokers Group were worth $798,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Versant Capital Management Inc lifted its stake in 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 worth $31,000 after purchasing an additional 71 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. Finally, Fortitude Family Office LLC raised its holdings in shares of Interactive Brokers Group by 105.7% during the 4th quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock worth $51,000 after buying an additional 148 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $209.78 on Thursday. The firm has a 50 day moving average price of $184.70 and a two-hundred day moving average price of $151.85. The stock has a market cap of $88.64 billion, a P/E ratio of 29.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $211.14.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. Analysts predict that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IBKR. 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 note on Wednesday. Citigroup raised their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $192.25.

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.