Wintrust Investments LLC Sells 357 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wintrust Investments LLC reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 58.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 250 shares of the financial services provider’s stock after selling 357 shares during the quarter. Wintrust Investments LLC’s holdings in Interactive Brokers Group were worth $44,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Contravisory Investment Management Inc. bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $25,000. SRH Advisors LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its position in shares of 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 valued at $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. increased its position in shares of Interactive Brokers Group by 90.7% during 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 during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $33,000. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent research reports. Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays increased their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group increased their target price 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 equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $161.03 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The stock has a 50 day simple moving average of $205.41 and a two-hundred day simple moving average of $174.54. The stock has a market cap of $68.05 billion, a P/E ratio of 22.81, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the business posted $1.52 EPS. The business’s revenue was up 21.8% on a year-over-year basis. Sell-side analysts predict 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 disclosed 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. This represents a $1.00 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.99% of the stock is currently owned by company insiders.

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.