Mission Wealth Management LP Sells 228 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Mission Wealth Management LP reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,292 shares of the financial services provider’s stock after selling 228 shares during the period. Mission Wealth Management LP’s holdings in Interactive Brokers Group were worth $1,995,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IBKR. JPMorgan Chase & Co. raised its holdings in shares of Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares during the period. Cantillon Capital Management LLC increased its holdings in Interactive Brokers Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after purchasing an additional 18,047 shares in the last quarter. State Street Corp raised its stake in shares of Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares in the last quarter. Finally, FMR LLC boosted its position in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after buying an additional 119,187 shares during the period. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IBKR. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays lifted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective 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. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, Citigroup boosted their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $201.53 on Tuesday. The stock has a market cap of $85.15 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.59 and a beta of 0.89. The company has a fifty day moving average price of $204.81 and a two-hundred day moving average price of $171.90. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion during 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 was up 21.8% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.50%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.