Inspire Advisors LLC Sells 877 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Inspire Advisors LLC reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,142 shares of the financial services provider’s stock after selling 877 shares during the period. Inspire Advisors LLC’s holdings in Interactive Brokers Group were worth $1,413,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in shares of Interactive Brokers Group by 126.3% in the fourth quarter. Wellington Management Group LLP now owns 49,968 shares of the financial services provider’s stock worth $4,142,000 after acquiring an additional 27,885 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Interactive Brokers Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares during the period. Quadrature Capital Ltd bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $367,000. HighPoint Advisor Group LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $345,000. Finally, Kapitalo Investimentos Ltda grew its holdings in shares of Interactive Brokers Group by 278.0% in the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 353 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on IBKR shares. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Piper Sandler reissued an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a report on Wednesday. Barclays dropped their price target on Interactive Brokers Group from $166.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods lowered Interactive Brokers Group from an “outperform” rating to a “market perform” rating and raised their target price for the company from $128.00 to $135.00 in a research note on Thursday, July 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.00.

Interactive Brokers Group Stock Down 0.3 %

IBKR traded down $0.52 during trading hours on Friday, hitting $148.91. 245,576 shares of the company’s stock were exchanged, compared to its average volume of 1,011,926. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $154.75. The stock’s 50-day moving average is $132.12 and its two-hundred day moving average is $124.08. The stock has a market cap of $62.70 billion, a price-to-earnings ratio of 25.54, a PEG ratio of 1.34 and a beta of 0.80.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The business had revenue of $2.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.88% and a net margin of 7.88%. During the same period in the prior year, the business posted $1.55 earnings per share. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.92 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

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.