TimesSquare Capital Management LLC Decreases Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TimesSquare Capital Management LLC trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 287,800 shares of the financial services provider’s stock after selling 66,305 shares during the period. TimesSquare Capital Management LLC’s holdings in Interactive Brokers Group were worth $50,846,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of IBKR. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $25,000. SRH Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc increased its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. increased its position in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC grew its holdings in Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $235.53 on Wednesday. Interactive Brokers Group, Inc. has a one year low of $102.27 and a one year high of $236.53. The business has a fifty day moving average price of $198.65 and a 200-day moving average price of $165.77. The firm has a market capitalization of $99.52 billion, a P/E ratio of 33.36, a PEG ratio of 1.65 and a beta of 0.89.

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, topping 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 analyst estimates of $1.37 billion. During the same period last year, the company earned $1.52 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.45 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.42%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were bought 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 of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IBKR. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. 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. Keefe, Bruyette & Woods increased their price objective 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 increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

About Interactive Brokers Group

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.