Alliancebernstein L.P. Has $26.73 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Alliancebernstein L.P. lessened its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,317 shares of the financial services provider's stock after selling 5,263 shares during the quarter. Alliancebernstein L.P.'s holdings in Interactive Brokers Group were worth $26,733,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in IBKR. Cerity Partners LLC increased its stake in Interactive Brokers Group by 60.2% in the third quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider's stock valued at $425,000 after acquiring an additional 1,146 shares during the period. Benjamin Edwards Inc. boosted its holdings in Interactive Brokers Group by 487.4% during the third quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider's stock valued at $409,000 after purchasing an additional 2,432 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Interactive Brokers Group by 67.4% in the 3rd quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider's stock valued at $10,133,000 after purchasing an additional 29,257 shares during the period. Quantinno Capital Management LP raised its holdings in shares of Interactive Brokers Group by 82.3% in the 3rd quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider's stock worth $441,000 after buying an additional 1,430 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Interactive Brokers Group by 6.1% during the 3rd quarter. Stifel Financial Corp now owns 169,247 shares of the financial services provider's stock worth $23,586,000 after buying an additional 9,716 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods upped their price target 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. Barclays lowered their target price on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday. Piper Sandler dropped their price target on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $195.88.

Insider Activity at Interactive Brokers Group

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. 2.99% of the stock is owned by insiders.

Interactive Brokers Group Price Performance

IBKR traded up $7.04 during mid-day trading on Friday, hitting $171.35. The stock had a trading volume of 2,479,105 shares, compared to its average volume of 1,316,119. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The stock's fifty day simple moving average is $190.12 and its 200-day simple moving average is $180.66.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted $1.52 EPS. The firm's revenue was up 21.8% compared to the same quarter last year. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Interactive Brokers Group Company 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.