Allspring Global Investments Holdings LLC Sells 27,495 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Allspring Global Investments Holdings LLC lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,858 shares of the financial services provider’s stock after selling 27,495 shares during the period. Allspring Global Investments Holdings LLC owned about 0.05% of Interactive Brokers Group worth $42,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $83,630,000. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at $26,946,000. Lord Abbett & CO. LLC bought a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $25,085,000. International Assets Investment Management LLC increased its stake in shares of Interactive Brokers Group by 13,967.5% during the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock worth $20,781,000 after purchasing an additional 148,055 shares during the last quarter. Finally, Bamco Inc. NY raised its holdings in shares of Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after purchasing an additional 127,640 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 0.3 %

NASDAQ IBKR opened at $234.12 on Friday. The company has a market cap of $98.92 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1-year low of $101.36 and a 1-year high of $236.53. The company has a 50 day moving average of $196.38 and a 200-day moving average of $163.47.

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 analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is presently 14.16%.

Analyst Ratings Changes

A number of equities analysts have weighed in on IBKR shares. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup increased their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. UBS Group lifted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 3.21% of the stock is currently owned by insiders.

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.