Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Cut by Aurora Investment Counsel

Aurora Investment Counsel reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,657 shares of the financial services provider’s stock after selling 1,489 shares during the period. Aurora Investment Counsel’s holdings in Interactive Brokers Group were worth $1,883,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IBKR. JPMorgan Chase & Co. increased its stake in Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after buying an additional 11,379 shares during the period. Cantillon Capital Management LLC boosted its position in shares of Interactive Brokers Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after purchasing an additional 18,047 shares during the period. State Street Corp raised its stake in Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Geode Capital Management LLC lifted its stake in Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after acquiring an additional 106,392 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after purchasing an additional 119,187 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.99% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Down 5.9 %

Shares of IBKR stock opened at $161.03 on Friday. The firm has a market cap of $68.05 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The stock has a 50-day moving average price of $205.41 and a 200 day moving average price of $174.54.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.62%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IBKR shares. Barclays lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted 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. Keefe, Bruyette & Woods raised their price objective on 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. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Citigroup upped their target price 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $204.13.

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.