B. Riley Wealth Advisors Inc. Sells 1,151 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)
B. Riley Wealth Advisors Inc. trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 20.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,461 shares of the financial services provider’s stock after selling 1,151 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Interactive Brokers Group were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Interactive Brokers Group by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock worth $803,306,000 after purchasing an additional 123,226 shares in the last quarter. Norges Bank acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $97,476,000. Wells Fargo & Company MN lifted its position in shares of Interactive Brokers Group by 1.4% during the fourth quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock worth $80,303,000 after purchasing an additional 13,145 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after purchasing an additional 524,503 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Interactive Brokers Group by 16.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 840,852 shares of the financial services provider’s stock worth $69,707,000 after purchasing an additional 116,890 shares in the last quarter. 23.80% of the stock is owned by institutional investors.
Interactive Brokers Group Stock Performance
Shares of NASDAQ:IBKR opened at $122.11 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $129.19. The company has a market capitalization of $51.42 billion, a PE ratio of 20.87, a PEG ratio of 1.20 and a beta of 0.82. The company has a 50 day moving average price of $121.10 and a two-hundred day moving average price of $106.30.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.59 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Bank of America increased their price objective on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Barclays increased their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Citigroup increased their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.00.
View Our Latest Analysis on Interactive Brokers Group
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.
Further Reading
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