Evelyn Partners Investment Management LLP Sells 18,413 Shares of Interactive Brokers Group, Inc. $IBKR

Evelyn Partners Investment Management LLP lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 163,138 shares of the financial services provider’s stock after selling 18,413 shares during the period. Evelyn Partners Investment Management LLP’s holdings in Interactive Brokers Group were worth $10,491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Barclays PLC raised its stake in shares of Interactive Brokers Group by 88.1% in the fourth quarter. Barclays PLC now owns 1,689,145 shares of the financial services provider’s stock valued at $108,629,000 after acquiring an additional 791,030 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Interactive Brokers Group by 3.1% in the fourth quarter. Brown Advisory Inc. now owns 14,966 shares of the financial services provider’s stock valued at $962,000 after acquiring an additional 452 shares during the last quarter. Aigen Investment Management LP bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $656,000. CreativeOne Wealth LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $1,351,000. Finally, Kestra Advisory Services LLC raised its stake in shares of Interactive Brokers Group by 21.9% in the fourth quarter. Kestra Advisory Services LLC now owns 48,524 shares of the financial services provider’s stock valued at $3,121,000 after acquiring an additional 8,726 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR stock opened at $90.81 on Friday. The company has a 50 day moving average price of $81.21 and a 200 day moving average price of $73.46. Interactive Brokers Group, Inc. has a fifty-two week low of $49.30 and a fifty-two week high of $93.10. The stock has a market capitalization of $154.05 billion, a PE ratio of 39.14, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the company posted $1.94 EPS. Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were given a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 15.09%.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on IBKR. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Piper Sandler lifted their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Wolfe Research began coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. Jefferies Financial Group cut their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.22.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.