Sterling Capital Management LLC Has $1.11 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sterling Capital Management LLC raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 55.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,256 shares of the financial services provider's stock after buying an additional 2,221 shares during the period. Sterling Capital Management LLC's holdings in Interactive Brokers Group were worth $1,105,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IBKR. Covestor Ltd lifted its stake in shares of Interactive Brokers Group by 78.1% during the fourth quarter. Covestor Ltd now owns 374 shares of the financial services provider's stock worth $66,000 after purchasing an additional 164 shares in the last quarter. Treasurer of the State of North Carolina grew its position in Interactive Brokers Group by 0.5% in the fourth quarter. Treasurer of the State of North Carolina now owns 47,650 shares of the financial services provider's stock valued at $8,418,000 after acquiring an additional 220 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Interactive Brokers Group by 0.5% during the fourth quarter. Bessemer Group Inc. now owns 24,838 shares of the financial services provider's stock valued at $4,388,000 after purchasing an additional 114 shares during the period. Straightline Group LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $568,000. Finally, Renaissance Technologies LLC lifted its holdings in Interactive Brokers Group by 59.6% in the 4th quarter. Renaissance Technologies LLC now owns 604,910 shares of the financial services provider's stock worth $106,869,000 after buying an additional 225,910 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock traded down $5.48 on Monday, hitting $154.04. The company had a trading volume of 341,998 shares, compared to its average volume of 2,297,140. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The company has a market cap of $65.09 billion, a PE ratio of 21.79, a PEG ratio of 1.59 and a beta of 1.02. The business has a 50-day simple moving average of $183.78 and a 200-day simple moving average of $181.81.

Shares of Interactive Brokers Group are going to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is 14.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler decreased their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Bank of America decreased their price target on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. StockNews.com lowered Interactive Brokers Group from a "hold" rating to a "sell" rating in a research report on Friday. Barclays boosted their target price on shares of Interactive Brokers Group from $188.00 to $193.00 and gave the company an "overweight" rating in a research note on Wednesday, April 16th. Finally, UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $207.88.

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.