Securian Asset Management Inc. Cuts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Securian Asset Management Inc. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,231 shares of the financial services provider’s stock after selling 211 shares during the quarter. Securian Asset Management Inc.’s holdings in Interactive Brokers Group were worth $1,454,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. KG&L Capital Management LLC grew its holdings in Interactive Brokers Group by 2.5% in the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 60 shares during the last quarter. Townsquare Capital LLC grew its holdings in Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 67 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 69 shares during the last quarter. Versant Capital Management Inc grew its holdings in Interactive Brokers Group by 66.4% in the fourth 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. Finally, Lebenthal Global Advisors LLC grew its holdings in 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 worth $1,270,000 after purchasing an additional 78 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on IBKR. Citigroup lifted 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. 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 report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $204.13.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.99% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $168.11 on Friday. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The firm has a market cap of $71.04 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.59 and a beta of 0.99. The firm’s fifty day moving average is $204.67 and its two-hundred day moving average is $174.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is 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.