Fox Run Management L.L.C. Sells 3,129 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Fox Run Management L.L.C. lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 42.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,200 shares of the financial services provider’s stock after selling 3,129 shares during the period. Fox Run Management L.L.C.’s holdings in Interactive Brokers Group were worth $742,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter worth $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $28,000. Versant Capital Management Inc boosted its stake in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. boosted its stake in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $33,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IBKR shares. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $173.36 on Monday. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The company has a market capitalization of $73.26 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The business has a 50-day moving average of $203.19 and a 200-day moving average of $177.09.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the company earned $1.52 earnings per share. The firm’s revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average cost 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 $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 2.99% of the stock is owned by corporate insiders.

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.