Aviso Financial Inc. Sells 2,112 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Aviso Financial Inc. cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 20.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,313 shares of the financial services provider’s stock after selling 2,112 shares during the quarter. Aviso Financial Inc.’s holdings in Interactive Brokers Group were worth $1,469,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IBKR. KG&L Capital Management LLC lifted its position in shares of Interactive Brokers Group by 2.5% in the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after buying an additional 60 shares during the last quarter. Townsquare Capital LLC lifted its position in shares of Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after buying an additional 67 shares during the last quarter. TD Private Client Wealth LLC lifted its position in shares of Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of 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 during the last quarter. Finally, Lebenthal Global Advisors LLC lifted its position in shares of Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 78 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBKR. Citigroup lifted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price target 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 equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.99% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $161.03 on Friday. The stock’s fifty day moving average price is $205.41 and its two-hundred day moving average price is $174.54. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The firm has a market cap of $68.05 billion, a PE ratio of 22.81, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company posted $1.52 EPS. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.62%. Interactive Brokers Group’s payout ratio is 14.16%.

Interactive Brokers Group Company 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.