Envestnet Portfolio Solutions Inc. Has $2.06 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Envestnet Portfolio Solutions Inc. decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,673 shares of the financial services provider’s stock after selling 91 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Interactive Brokers Group were worth $2,062,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBKR. Donoghue Forlines LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $2,088,000. Aurora Investment Counsel acquired a new position in Interactive Brokers Group during the third quarter valued at approximately $1,693,000. Union Bancaire Privee UBP SA acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $3,750,000. Friedenthal Financial acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $775,000. Finally, New Millennium Group LLC acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $2,319,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.3 %

Shares of IBKR stock opened at $175.86 on Friday. The company’s fifty day simple moving average is $203.43 and its 200-day simple moving average is $176.08. The firm has a market cap of $74.31 billion, a PE ratio of 24.91, a P/E/G 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.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data 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. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.52 earnings per share. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the company’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 completion of the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Citigroup boosted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group upped their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently 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.