Wells Fargo & Company MN Sells 55,124 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wells Fargo & Company MN decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 947,826 shares of the financial services provider’s stock after selling 55,124 shares during the period. Wells Fargo & Company MN owned about 0.22% of Interactive Brokers Group worth $167,452,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the 4th quarter valued at about $25,000. SRH Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $28,000. Versant Capital Management Inc raised its position 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 acquiring an additional 71 shares during the period. Blue Trust Inc. raised its holdings in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $33,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 8.4 %

Shares of Interactive Brokers Group stock opened at $146.08 on Friday. The firm has a market cap of $61.73 billion, a PE ratio of 20.69, a PEG ratio of 1.59 and a beta of 0.99. The stock has a 50 day moving average of $197.90 and a 200 day moving average of $179.74. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the company earned $1.52 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Activity at Interactive Brokers Group

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods upped 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 research report on Monday, January 13th. Barclays increased their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. StockNews.com cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.