Entropy Technologies LP Trims Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Entropy Technologies LP lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 16.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,088 shares of the financial services provider’s stock after selling 1,749 shares during the period. Entropy Technologies LP’s holdings in Interactive Brokers Group were worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter worth $25,000. Versant Capital Management Inc grew its position in 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 worth $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. increased its stake 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 acquiring an additional 88 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 3.21% of the company’s stock.

Interactive Brokers Group Stock Up 1.3 %

Interactive Brokers Group stock opened at $231.14 on Monday. The firm has a fifty day simple moving average of $192.09 and a two-hundred day simple moving average of $160.21. Interactive Brokers Group, Inc. has a twelve month low of $94.45 and a twelve month high of $235.29. The company has a market capitalization of $97.66 billion, a PE ratio of 32.74, a P/E/G ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup lifted their price objective 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. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.