FourThought Financial Partners LLC Sells 616 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

FourThought Financial Partners LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,706 shares of the financial services provider’s stock after selling 616 shares during the period. FourThought Financial Partners LLC’s holdings in Interactive Brokers Group were worth $1,362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its stake 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 purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its position 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 last quarter. Finally, Harbor Investment Advisory LLC lifted its holdings in Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.9 %

Shares of IBKR stock opened at $214.61 on Tuesday. The company has a market capitalization of $90.68 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. The firm has a 50 day moving average price of $202.08 and a two-hundred day moving average price of $168.90. 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 released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 earnings per share. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the business’s stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.21% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. UBS Group upped 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. 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. The Goldman Sachs Group lifted 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 reaffirmed an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.