Wells Fargo & Company MN Sells 55,124 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wells Fargo & Company MN decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 947,826 shares of the financial services provider’s stock after selling 55,124 shares during the period. Wells Fargo & Company MN’s holdings in Interactive Brokers Group were worth $167,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prudential PLC raised its holdings in shares of Interactive Brokers Group by 158.6% in the 4th quarter. Prudential PLC now owns 5,430 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 3,330 shares in the last quarter. Landscape Capital Management L.L.C. boosted its holdings in Interactive Brokers Group by 11.4% in the fourth quarter. Landscape Capital Management L.L.C. now owns 2,363 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 241 shares in the last quarter. ExodusPoint Capital Management LP grew its position in Interactive Brokers Group by 55.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 49,232 shares of the financial services provider’s stock worth $8,698,000 after purchasing an additional 17,628 shares during the last quarter. Motley Fool Asset Management LLC grew its holdings in shares of Interactive Brokers Group by 7.4% during the fourth quarter. Motley Fool Asset Management LLC now owns 1,603 shares of the financial services provider’s stock valued at $283,000 after buying an additional 111 shares during the last quarter. Finally, Cinctive Capital Management LP acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $1,464,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBKR. UBS Group increased their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $203.50.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased 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 owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.99% of the stock is owned by insiders.

Interactive Brokers Group Trading Down 8.4 %

Shares of IBKR opened at $146.08 on Friday. The firm has a 50-day moving average price of $197.90 and a 200 day moving average price of $179.74. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a market capitalization of $61.73 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. Equities research analysts predict 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 disclosed 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 annualized dividend and a dividend yield of 0.68%. Interactive Brokers Group’s dividend payout ratio is currently 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.