TimesSquare Capital Management LLC Sells 66,305 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TimesSquare Capital Management LLC lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 18.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 287,800 shares of the financial services provider’s stock after selling 66,305 shares during the period. TimesSquare Capital Management LLC owned about 0.07% of Interactive Brokers Group worth $50,846,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its position in shares of Interactive Brokers Group by 66.4% in the 4th 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. Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in shares of Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on IBKR shares. The Goldman Sachs Group upped their target price 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. Barclays upped their target price 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. Keefe, Bruyette & Woods upped their target price 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. Citigroup upped their target price 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. Finally, UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.21% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR stock opened at $235.53 on Wednesday. The stock’s 50 day simple moving average is $198.65 and its 200 day simple moving average is $165.77. Interactive Brokers Group, Inc. has a fifty-two week low of $102.27 and a fifty-two week high of $236.53. The company has a market cap of $99.52 billion, a P/E ratio of 33.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89.

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 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business earned $1.52 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities analysts predict that Interactive Brokers Group, Inc. will post 7.45 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed 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. This represents a $1.00 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

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.