HighTower Advisors LLC Sells 13,554 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

HighTower Advisors LLC lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,082 shares of the financial services provider’s stock after selling 13,554 shares during the period. HighTower Advisors LLC’s holdings in Interactive Brokers Group were worth $10,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Donoghue Forlines LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $2,088,000. Aurora Investment Counsel bought a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at about $1,693,000. Union Bancaire Privee UBP SA bought a new position in Interactive Brokers Group during the 4th quarter valued at approximately $3,750,000. Friedenthal Financial bought a new position in Interactive Brokers Group during the 4th quarter valued at approximately $775,000. Finally, New Millennium Group LLC bought a new position in Interactive Brokers Group during the 4th quarter valued at approximately $2,319,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IBKR. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Citigroup upped their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Insider Buying and Selling

In related news, Director Jill Bright purchased 135 shares of the business’s stock in a transaction that occurred on 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 directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.99% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Performance

IBKR stock opened at $168.11 on Monday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The business’s 50 day moving average price is $204.67 and its two-hundred day moving average price is $175.42. The company has a market capitalization of $71.04 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.52 EPS. Sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Interactive Brokers Group’s payout ratio is currently 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.