Egerton Capital UK LLP Sells 1,534,340 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Egerton Capital UK LLP cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 45.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 1,848,173 shares of the financial services provider’s stock after selling 1,534,340 shares during the quarter. Interactive Brokers Group comprises 3.8% of Egerton Capital UK LLP’s portfolio, making the stock its 12th largest holding. Egerton Capital UK LLP’s holdings in Interactive Brokers Group were worth $326,517,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter worth $25,000. SRH Advisors LLC purchased a new stake in Interactive Brokers Group in the fourth quarter worth $28,000. Versant Capital Management Inc grew its stake in Interactive Brokers Group by 66.4% in the fourth 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. grew its stake 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 worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC purchased a new stake in Interactive Brokers Group in the fourth quarter worth $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents 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 this hyperlink. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $170.34 on Wednesday. The stock has a market capitalization of $71.98 billion, a price-to-earnings ratio of 24.13, a PEG ratio of 1.59 and a beta of 0.99. The stock’s 50-day simple moving average is $205.52 and its two-hundred day simple moving average is $174.56. 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 the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm posted $1.52 earnings per share. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Piper Sandler restated an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price target 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. Finally, The Goldman Sachs Group raised their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.