Interactive Brokers Group, Inc. (NASDAQ:IBKR) Position Lessened by Prudential Financial Inc.

Prudential Financial Inc. lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 56.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,030 shares of the financial services provider’s stock after selling 10,357 shares during the quarter. Prudential Financial Inc.’s holdings in Interactive Brokers Group were worth $1,419,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IBKR. KG&L Capital Management LLC boosted its holdings in shares of Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after acquiring an additional 60 shares during the period. TD Private Client Wealth LLC boosted its stake in Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 69 shares during the period. Versant Capital Management Inc grew its position in 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 last quarter. Lebenthal Global Advisors LLC increased its stake in shares of Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 78 shares during the period. Finally, Koshinski Asset Management Inc. raised its holdings in shares of Interactive Brokers Group by 3.7% during the fourth quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock valued at $398,000 after buying an additional 81 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Trading Down 8.4 %

Shares of Interactive Brokers Group stock opened at $146.08 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The company’s 50-day moving average price is $197.90 and its two-hundred day moving average price is $179.74. The stock has a market cap of $61.73 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.52 earnings per share. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. UBS Group upped their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Citigroup dropped their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $203.50.

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.