Darwin Wealth Management LLC Sells 1,258 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Darwin Wealth Management LLC trimmed its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,246 shares of the financial services provider’s stock after selling 1,258 shares during the period. Darwin Wealth Management LLC’s holdings in Interactive Brokers Group were worth $1,595,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in Interactive Brokers Group by 2.1% during the third quarter. Commonwealth Equity Services LLC now owns 6,381 shares of the financial services provider’s stock valued at $552,000 after purchasing an additional 133 shares during the last quarter. Toroso Investments LLC lifted its holdings in shares of Interactive Brokers Group by 1.1% during the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock worth $1,013,000 after acquiring an additional 133 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 135 shares in the last quarter. Yousif Capital Management LLC increased its stake in Interactive Brokers Group by 0.3% in the fourth quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider’s stock valued at $4,127,000 after acquiring an additional 152 shares during the last quarter. Finally, Alliance Wealth Advisors LLC UT raised its position in Interactive Brokers Group by 2.7% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 5,763 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 153 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 0.9 %

Shares of NASDAQ:IBKR traded up $1.12 during midday trading on Friday, hitting $120.25. 155,038 shares of the stock traded hands, compared to its average volume of 1,142,120. The stock has a market capitalization of $50.63 billion, a PE ratio of 20.36, a P/E/G ratio of 1.22 and a beta of 0.81. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $122.88. The business’s 50 day moving average is $112.34 and its two-hundred day moving average is $95.95.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.25 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Friday, May 31st. Interactive Brokers Group’s dividend payout ratio is presently 17.09%.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now directly owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now directly owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Earl H. Nemser sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $101.07, for a total value of $5,053,500.00. Following the transaction, the insider now owns 158,770 shares of the company’s stock, valued at $16,046,883.90. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $6,613,100 over the last three months. Company insiders own 3.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on IBKR. Piper Sandler raised their price objective on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Bank of America lifted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Barclays increased their target price on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Finally, Citigroup boosted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $124.00.

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.