Skba Capital Management LLC Lowers Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Skba Capital Management LLC lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,235 shares of the financial services provider’s stock after selling 215 shares during the period. Skba Capital Management LLC’s holdings in Interactive Brokers Group were worth $218,000 at the end of the most recent reporting period.

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

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Stock Down 2.5 %

Shares of NASDAQ IBKR opened at $164.72 on Monday. The business has a 50-day moving average price of $201.93 and a 200 day moving average price of $178.85. The stock has a market cap of $69.61 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced 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 of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Interactive Brokers Group’s payout ratio is 14.16%.

Analysts Set New Price Targets

Several analysts recently weighed in on IBKR shares. UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group boosted 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 increased their target price 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. StockNews.com raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

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.