Hengistbury Investment Partners LLP Sells 72,179 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Hengistbury Investment Partners LLP cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 245,917 shares of the financial services provider’s stock after selling 72,179 shares during the period. Interactive Brokers Group comprises approximately 31.7% of Hengistbury Investment Partners LLP’s investment portfolio, making the stock its 2nd biggest holding. Hengistbury Investment Partners LLP’s holdings in Interactive Brokers Group were worth $43,446,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. SRH Advisors LLC purchased a new stake in Interactive Brokers Group during the fourth quarter worth $28,000. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. increased its holdings in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 4.5 %

Shares of IBKR opened at $173.08 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The stock has a market cap of $73.14 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm’s fifty day moving average is $201.05 and its two-hundred day moving average is $179.46.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Piper Sandler reiterated an “overweight” rating and set 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, StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.99% of the company’s stock.

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.