O Brien Greene & Co. Inc Lowers Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

O Brien Greene & Co. Inc cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,911 shares of the financial services provider’s stock after selling 5,807 shares during the quarter. Interactive Brokers Group makes up 4.4% of O Brien Greene & Co. Inc’s portfolio, making the stock its 3rd largest holding. O Brien Greene & Co. Inc’s holdings in Interactive Brokers Group were worth $13,411,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in IBKR. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Interactive Brokers Group during the 3rd quarter valued at $83,630,000. Waverton Investment Management Ltd acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at $26,946,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after buying an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Interactive Brokers Group during the 3rd quarter worth about $25,085,000. Finally, International Assets Investment Management LLC grew its holdings in Interactive Brokers Group by 13,967.5% during the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock worth $20,781,000 after acquiring an additional 148,055 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IBKR shares. UBS Group boosted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $232.65 on Thursday. Interactive Brokers Group, Inc. has a fifty-two week low of $102.27 and a fifty-two week high of $236.53. The firm has a market capitalization of $98.30 billion, a price-to-earnings ratio of 32.95, a PEG ratio of 1.66 and a beta of 0.89. The company’s 50 day simple moving average is $199.69 and its 200 day simple moving average is $166.23.

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. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 EPS. As a group, analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. 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.