Strategic Investment Advisors MI Sells 809 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Strategic Investment Advisors MI decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 6,183 shares of the financial services provider’s stock after selling 809 shares during the period. Strategic Investment Advisors MI’s holdings in Interactive Brokers Group were worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the 4th quarter valued at $25,000. Versant Capital Management Inc lifted its stake in shares of Interactive Brokers Group by 66.4% in the 4th 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 period. Harbor Investment Advisory LLC raised its stake 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 during the period. UMB Bank n.a. raised its stake in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares during the period. Finally, Fortitude Family Office LLC grew its holdings in 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 valued at $51,000 after buying an additional 148 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays boosted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Citigroup increased their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. 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. Finally, Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and an average target price of $192.25.

Interactive Brokers Group Stock Up 5.0 %

NASDAQ:IBKR opened at $218.99 on Monday. The company has a market cap of $92.53 billion, a PE ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $220.66. The business’s 50 day moving average is $186.09 and its two-hundred day moving average is $153.30.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1,372,590.34 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

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.