Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Raymond James Financial Services Advisors Inc.
Raymond James Financial Services Advisors Inc. lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 4.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,454 shares of the financial services provider’s stock after selling 3,004 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Interactive Brokers Group were worth $5,592,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group during the 4th quarter worth approximately $25,000. Headlands Technologies LLC acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $40,000. Atlas Capital Advisors LLC acquired a new stake in Interactive Brokers Group in the first quarter valued at approximately $40,000. Eagle Bay Advisors LLC acquired a new stake in Interactive Brokers Group in the second quarter valued at approximately $31,000. Finally, Belpointe Asset Management LLC grew its position in Interactive Brokers Group by 64.5% in the first quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 227 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.
Interactive Brokers Group Trading Down 3.3 %
IBKR stock opened at $111.03 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $116.92. The company has a market capitalization of $46.75 billion, a P/E ratio of 19.62, a PEG ratio of 1.05 and a beta of 0.83. The firm has a 50 day simple moving average of $104.79 and a 200-day simple moving average of $91.11.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period in the previous year, the business posted $1.30 EPS. The firm’s quarterly revenue was up 16.7% compared to the same quarter last year. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.08 EPS for the current year.
Interactive Brokers Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.36%. The ex-dividend date of this dividend was Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 7.07%.
Wall Street Analyst Weigh In
IBKR has been the subject of several recent research reports. The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $88.00 to $102.00 in a research report on Tuesday, January 9th. UBS Group lowered their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.38.
Read Our Latest Stock Analysis on IBKR
Insider Buying and Selling
In related news, insider Thomas Aj Frank sold 12,827 shares of the firm’s stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $86.95, for a total transaction of $1,115,307.65. Following the transaction, the insider now directly owns 564,805 shares in the company, valued at $49,109,794.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now directly owns 234,552 shares in the company, valued at $22,585,012.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Thomas Aj Frank sold 12,827 shares of the firm’s stock in a transaction on Wednesday, January 10th. The shares were sold at an average price of $86.95, for a total value of $1,115,307.65. Following the completion of the sale, the insider now owns 564,805 shares in the company, valued at $49,109,794.75. The disclosure for this sale can be found here. Insiders have sold 494,011 shares of company stock worth $46,107,021 over the last ninety days. 3.21% of the stock is owned by insiders.
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.
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