Shelton Capital Management Cuts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Shelton Capital Management trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,308 shares of the financial services provider’s stock after selling 127 shares during the period. Shelton Capital Management’s holdings in Interactive Brokers Group were worth $761,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. boosted its position in shares of Interactive Brokers Group by 39.0% during the fourth quarter. Invesco Ltd. now owns 765,959 shares of the financial services provider’s stock valued at $135,322,000 after buying an additional 214,844 shares during the period. FMR LLC boosted its position in shares of Interactive Brokers Group by 17.1% during the fourth quarter. FMR LLC now owns 1,281,882 shares of the financial services provider’s stock valued at $226,470,000 after buying an additional 187,284 shares during the period. Polymer Capital Management HK LTD purchased a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $1,750,000. Aster Capital Management DIFC Ltd boosted its position in shares of Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider’s stock valued at $33,000 after buying an additional 53 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Interactive Brokers Group by 2.6% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider’s stock valued at $502,000 after buying an additional 73 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. StockNews.com raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Thursday. Barclays dropped their price objective on shares of Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating on the stock in a report on Monday. Piper Sandler lowered their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $195.88.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated 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 completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $170.72 on Thursday. The stock has a market capitalization of $72.14 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a 50 day simple moving average of $192.31 and a 200-day simple moving average of $180.22.

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 analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

About Interactive Brokers Group

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.