Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Reduced by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 129,838 shares of the financial services provider's stock after selling 7,537 shares during the period. Interactive Brokers Group accounts for 0.8% of Dana Investment Advisors Inc.'s portfolio, making the stock its 24th largest position. Dana Investment Advisors Inc.'s holdings in Interactive Brokers Group were worth $22,938,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arizona State Retirement System grew its holdings in shares of Interactive Brokers Group by 7.7% during the 4th quarter. Arizona State Retirement System now owns 31,569 shares of the financial services provider's stock worth $5,577,000 after purchasing an additional 2,269 shares during the period. Aigen Investment Management LP acquired a new position in Interactive Brokers Group during the fourth quarter valued at approximately $432,000. Proficio Capital Partners LLC purchased a new stake in Interactive Brokers Group during the fourth quarter worth approximately $7,288,000. M&T Bank Corp grew its stake in Interactive Brokers Group by 9.6% during the fourth quarter. M&T Bank Corp now owns 12,390 shares of the financial services provider's stock worth $2,189,000 after buying an additional 1,088 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Interactive Brokers Group by 18.6% in the fourth quarter. Victory Capital Management Inc. now owns 196,542 shares of the financial services provider's stock worth $34,723,000 after acquiring an additional 30,891 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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Interactive Brokers Group Price Performance

IBKR traded up $2.47 on Friday, reaching $192.17. The company's stock had a trading volume of 3,297,235 shares, compared to its average volume of 2,023,756. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The business's 50 day moving average is $205.88 and its 200 day moving average is $173.57. The stock has a market cap of $81.20 billion, a price-to-earnings ratio of 27.22, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 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 analysts' expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business's revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 EPS. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group's payout ratio is currently 14.16%.

Insider Activity

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.21% of the company's stock.

Analysts Set New Price Targets

IBKR has been the topic of several recent research reports. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Finally, Citigroup upped their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a report 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $204.13.

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.