AGF Management Ltd. Reduces Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

AGF Management Ltd. lowered its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 549,779 shares of the financial services provider’s stock after selling 20,114 shares during the period. AGF Management Ltd.’s holdings in Interactive Brokers Group were worth $97,129,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Donoghue Forlines LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at $2,088,000. Aurora Investment Counsel purchased 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 shares of Interactive Brokers Group in the fourth quarter worth approximately $3,750,000. Friedenthal Financial bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $775,000. Finally, New Millennium Group LLC bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $2,319,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 13.0 %

NASDAQ:IBKR opened at $167.16 on Tuesday. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The stock has a market cap of $70.63 billion, a PE ratio of 23.68, a P/E/G ratio of 1.59 and a beta of 0.99. The business’s 50-day simple moving average is $205.65 and its two-hundred day simple moving average is $174.23.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the firm posted $1.52 earnings per share. The business’s revenue was up 21.8% compared to the same quarter last year. Sell-side analysts anticipate 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 issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. Interactive Brokers Group’s payout ratio is 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.21% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on IBKR shares. Barclays lifted their price objective 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 increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. The Goldman Sachs Group lifted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Citigroup increased their price target on shares of 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 boosted their price objective on shares of 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

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.