Egerton Capital UK LLP Sells 1,534,340 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Egerton Capital UK LLP trimmed its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 45.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,848,173 shares of the financial services provider’s stock after selling 1,534,340 shares during the period. Interactive Brokers Group accounts for approximately 3.8% of Egerton Capital UK LLP’s investment portfolio, making the stock its 12th biggest position. Egerton Capital UK LLP owned approximately 0.44% of Interactive Brokers Group worth $326,517,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at $120,046,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Interactive Brokers Group in the third quarter worth about $83,630,000. Waverton Investment Management Ltd bought a new position in shares of Interactive Brokers Group in the third quarter worth about $26,946,000. Lord Abbett & CO. LLC bought a new position in shares of Interactive Brokers Group in the third quarter worth about $25,085,000. Finally, Bamco Inc. NY raised its holdings in Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after buying an additional 127,640 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods increased their target price on shares of 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. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $204.13.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the company’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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 2.99% of the stock is owned by insiders.

Interactive Brokers Group Stock Up 1.9 %

IBKR stock opened at $170.34 on Wednesday. The firm has a market capitalization of $71.98 billion, a PE ratio of 24.13, a PEG ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The stock has a 50-day simple moving average of $205.52 and a two-hundred day simple moving average of $174.56.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is 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.