Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,190 shares of the financial services provider’s stock after selling 321 shares during the period. Lifestyle Asset Management Inc.’s holdings in Interactive Brokers Group were worth $387,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at about $25,000. Versant Capital Management Inc grew its stake in shares of 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 acquiring an additional 71 shares in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 224 shares in the last quarter. Finally, Smithfield Trust Co grew its stake in shares of Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 154 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 0.6 %

Shares of NASDAQ IBKR opened at $208.55 on Friday. The firm’s 50-day moving average price is $185.31 and its two-hundred day moving average price is $152.25. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $212.84. The stock has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.40 and a beta of 0.87.

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, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same quarter last year, the company posted $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent analyst reports. Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday. Keefe, Bruyette & Woods increased 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. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock 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 given a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $192.25.

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.