Pictet Asset Management Holding SA Sells 143,539 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Pictet Asset Management Holding SA lessened its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 170,221 shares of the financial services provider’s stock after selling 143,539 shares during the period. Pictet Asset Management Holding SA’s holdings in Interactive Brokers Group were worth $30,073,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of IBKR. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the fourth quarter worth $25,000. SRH Advisors LLC bought a new stake in Interactive Brokers Group during the 4th quarter worth about $28,000. Versant Capital Management Inc lifted its position in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. boosted its stake in shares of Interactive Brokers Group by 90.7% in 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 during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $164.72 on Monday. The stock has a 50 day simple moving average of $201.93 and a 200 day simple moving average of $178.85. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The firm has a market capitalization of $69.61 billion, a PE ratio of 23.33, a P/E/G ratio of 1.59 and a beta of 0.99.

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

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the business’s stock in a transaction on Friday, January 31st. The shares were purchased 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 of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several analyst reports. Citigroup increased their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. UBS Group raised their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, 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 note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.