Lifestyle Asset Management Inc. Trims Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Lifestyle Asset Management Inc. lowered its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,190 shares of the financial services provider’s stock after selling 321 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Interactive Brokers Group were worth $387,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after buying an additional 11,379 shares in the last quarter. State Street Corp lifted its stake in Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after buying an additional 52,911 shares in the last quarter. Geode Capital Management LLC lifted its stake in Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after buying an additional 106,392 shares in the last quarter. FMR LLC lifted its stake in Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after buying an additional 119,187 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Interactive Brokers Group by 1,292.1% in the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods increased their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. The Goldman Sachs Group increased their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Barclays increased their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.25.

Interactive Brokers Group Stock Down 0.6 %

IBKR stock opened at $208.55 on Friday. The company has a market cap of $88.12 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 1.40 and a beta of 0.87. The business has a fifty day simple moving average of $185.31 and a 200-day simple moving average of $152.25. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $212.84.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same period in the prior year, the firm earned $1.52 EPS. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.48%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Interactive Brokers Group Profile

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.