Inspire Investing LLC Cuts Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Inspire Investing LLC lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,607 shares of the financial services provider’s stock after selling 5,980 shares during the quarter. Interactive Brokers Group accounts for 0.8% of Inspire Investing LLC’s portfolio, making the stock its 14th largest position. Inspire Investing LLC’s holdings in Interactive Brokers Group were worth $6,997,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in IBKR. Millennium Management LLC increased its holdings in shares of Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after purchasing an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in Interactive Brokers Group during the 3rd quarter valued at about $83,630,000. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group during the 3rd quarter valued at about $26,946,000. Allspring Global Investments Holdings LLC increased its holdings in Interactive Brokers Group by 262.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after acquiring an additional 187,010 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Interactive Brokers Group during the 3rd quarter valued at about $25,085,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $209.78 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $88.22 and a 1 year high of $211.14. The company has a market cap of $88.64 billion, a price-to-earnings ratio of 29.71, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. The firm has a fifty day moving average of $184.70 and a 200-day moving average of $151.85.

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, topping the consensus estimate 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 net margin of 9.25% and a return on equity of 5.11%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.52 earnings per share. Analysts predict that Interactive Brokers Group, Inc. will post 7.2 EPS for the current year.

Interactive Brokers Group Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on IBKR. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods lifted their price target 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. UBS Group lifted their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, The Goldman Sachs Group raised their target price 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. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.25.

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.