Wealth Alliance Sells 260 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wealth Alliance decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,860 shares of the financial services provider’s stock after selling 260 shares during the quarter. Wealth Alliance’s holdings in Interactive Brokers Group were worth $505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Freedom Day Solutions LLC lifted its position in Interactive Brokers Group by 1.9% in the 4th quarter. Freedom Day Solutions LLC now owns 15,084 shares of the financial services provider’s stock worth $2,665,000 after buying an additional 279 shares during the last quarter. Global Retirement Partners LLC lifted its position in Interactive Brokers Group by 804.1% in the 4th quarter. Global Retirement Partners LLC now owns 6,455 shares of the financial services provider’s stock worth $1,140,000 after buying an additional 5,741 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $1,125,000. Atria Wealth Solutions Inc. bought a new stake in Interactive Brokers Group in the 4th quarter worth approximately $248,000. Finally, Venturi Wealth Management LLC lifted its position in Interactive Brokers Group by 2.7% in the 4th quarter. Venturi Wealth Management LLC now owns 4,497 shares of the financial services provider’s stock worth $794,000 after buying an additional 120 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 3.2 %

Shares of Interactive Brokers Group stock opened at $218.68 on Friday. The company has a market cap of $92.40 billion, a PE ratio of 30.97, a P/E/G ratio of 1.63 and a beta of 0.89. The business has a 50 day moving average of $201.39 and a 200 day moving average of $167.41. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its 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. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. On average, 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 issued 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 dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Analyst Ratings Changes

Several brokerages have weighed in on IBKR. Keefe, Bruyette & Woods boosted their price objective on 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. UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, 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 hyperlink. 3.21% of the stock is owned by corporate insiders.

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.