EULAV Asset Management Sells 6,175 Shares of Interactive Brokers Group, Inc. $IBKR

EULAV Asset Management lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,159 shares of the financial services provider’s stock after selling 6,175 shares during the quarter. EULAV Asset Management’s holdings in Interactive Brokers Group were worth $4,126,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its position in Interactive Brokers Group by 20.7% during the fourth quarter. Parallel Advisors LLC now owns 1,756 shares of the financial services provider’s stock valued at $113,000 after acquiring an additional 301 shares in the last quarter. TruNorth Capital Management LLC raised its position in Interactive Brokers Group by 625.4% during the fourth quarter. TruNorth Capital Management LLC now owns 6,964 shares of the financial services provider’s stock valued at $448,000 after acquiring an additional 6,004 shares in the last quarter. VMS Asset Management Limited bought a new position in Interactive Brokers Group during the fourth quarter valued at approximately $5,704,000. Vise Technologies Inc. raised its position in Interactive Brokers Group by 151.8% during the fourth quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider’s stock valued at $1,557,000 after acquiring an additional 14,593 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in Interactive Brokers Group by 4.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 90,928 shares of the financial services provider’s stock valued at $5,847,000 after acquiring an additional 4,114 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on IBKR shares. Barclays raised their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday, May 1st. Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Jefferies Financial Group dropped their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Finally, Piper Sandler lifted their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

Interactive Brokers Group Stock Down 3.1%

NASDAQ:IBKR opened at $84.40 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $91.02. The firm has a market cap of $143.17 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 2.41 and a beta of 1.32. The company’s 50 day moving average is $79.02 and its 200-day moving average is $72.58.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is presently 15.09%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.