Smithfield Trust Co Sells 154 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Smithfield Trust Co decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 44.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 191 shares of the financial services provider’s stock after selling 154 shares during the quarter. Smithfield Trust Co’s holdings in Interactive Brokers Group were worth $34,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group during the 4th quarter worth about $25,000. SRH Advisors LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth about $28,000. Versant Capital Management Inc lifted its position in 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 worth $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. lifted its position in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC lifted its position in Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after buying an additional 100 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Finally, Citigroup upped their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $204.13.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.21% of the stock is owned by company insiders.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $196.69 on Thursday. The stock has a market cap of $83.11 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. The stock has a 50-day moving average of $205.12 and a 200-day moving average of $172.43. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business posted $1.52 EPS. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis. As a group, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid 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 yield of 0.51%. Interactive Brokers Group’s payout ratio is 14.16%.

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.