CWA Asset Management Group LLC Sells 1,648 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

CWA Asset Management Group LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,549 shares of the financial services provider’s stock after selling 1,648 shares during the period. CWA Asset Management Group LLC’s holdings in Interactive Brokers Group were worth $4,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IBKR. Commonwealth Equity Services LLC lifted its position in Interactive Brokers Group by 3.5% during the second quarter. Commonwealth Equity Services LLC now owns 14,255 shares of the financial services provider’s stock valued at $1,748,000 after purchasing an additional 486 shares in the last quarter. Natixis Advisors LLC lifted its position in Interactive Brokers Group by 11.8% during the second quarter. Natixis Advisors LLC now owns 20,708 shares of the financial services provider’s stock valued at $2,539,000 after purchasing an additional 2,180 shares during the last quarter. CIBC Asset Management Inc grew its position in Interactive Brokers Group by 5.0% in the second quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 146 shares in the last quarter. National Bank of Canada FI raised its holdings in Interactive Brokers Group by 13.2% during the 2nd quarter. National Bank of Canada FI now owns 7,612 shares of the financial services provider’s stock valued at $963,000 after buying an additional 889 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in shares of Interactive Brokers Group by 27.4% in the 2nd quarter. Victory Capital Management Inc. now owns 173,532 shares of the financial services provider’s stock worth $21,275,000 after acquiring an additional 37,288 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded up $3.91 during trading on Monday, hitting $187.63. 234,625 shares of the stock were exchanged, compared to its average volume of 846,613. The stock has a market cap of $79.28 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The firm’s 50-day moving average price is $177.66 and its 200 day moving average price is $145.96. Interactive Brokers Group, Inc. has a 12-month low of $83.86 and a 12-month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company posted $1.55 earnings per share. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.25 per share. The ex-dividend date was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.53%. Interactive Brokers Group’s payout ratio is currently 15.27%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on IBKR. Piper Sandler reissued an “overweight” rating and issued a $163.00 price objective on shares of Interactive Brokers Group in a research report on Wednesday, October 16th. UBS Group upped their target price on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a report on Friday, December 20th. Barclays increased their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a report on Monday, December 9th. Finally, The Goldman Sachs Group upped 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $173.00.

Interactive Brokers Group Company 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.