Envestnet Portfolio Solutions Inc. Sells 91 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,673 shares of the financial services provider’s stock after selling 91 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Interactive Brokers Group were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of IBKR. Raymond James Financial Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $120,046,000. Lord Abbett & CO. LLC acquired a new position in shares of Interactive Brokers Group in the third quarter valued at about $25,085,000. Bamco Inc. NY grew its stake in shares of Interactive Brokers Group by 16.3% in the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after acquiring an additional 127,640 shares in the last quarter. Progeny 3 Inc. acquired a new position in shares of Interactive Brokers Group in the third quarter valued at about $17,699,000. Finally, Amundi grew its stake in shares of Interactive Brokers Group by 748.1% in the fourth quarter. Amundi now owns 141,097 shares of the financial services provider’s stock valued at $26,934,000 after acquiring an additional 124,461 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Keefe, Bruyette & Woods increased their price objective on shares of 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. 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 note on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.99% of the company’s stock.

Interactive Brokers Group Trading Down 1.3 %

IBKR stock opened at $175.86 on Friday. The stock has a market capitalization of $74.31 billion, a P/E ratio of 24.91, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The firm has a 50-day moving average price of $203.43 and a 200-day moving average price of $176.08.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 earnings per share. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. Interactive Brokers Group’s dividend payout ratio (DPR) 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.