Insight Wealth Strategies LLC Sells 3,584 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Insight Wealth Strategies LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 19.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,102 shares of the financial services provider’s stock after selling 3,584 shares during the period. Insight Wealth Strategies LLC’s holdings in Interactive Brokers Group were worth $2,668,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Millennium Management LLC increased its position in shares of Interactive Brokers Group by 1,292.1% in the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after purchasing an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $83,630,000. Marshall Wace LLP lifted its holdings in shares of Interactive Brokers Group by 23.8% during the 2nd quarter. Marshall Wace LLP now owns 2,507,059 shares of the financial services provider’s stock worth $307,365,000 after acquiring an additional 481,826 shares during the period. Waverton Investment Management Ltd acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $26,946,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after acquiring an additional 187,010 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price 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. Jefferies Financial Group lifted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Barclays increased their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Finally, UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $173.00.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded up $5.17 during trading hours on Monday, reaching $188.89. The stock had a trading volume of 703,919 shares, compared to its average volume of 1,000,557. The stock has a market cap of $79.81 billion, a P/E ratio of 28.84, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The stock has a 50 day simple moving average of $177.66 and a 200 day simple moving average of $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 quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter in the prior year, the firm posted $1.55 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.