Empower Advisory Group LLC Trims Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Empower Advisory Group LLC lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 676,926 shares of the financial services provider's stock after selling 8,209 shares during the quarter. Empower Advisory Group LLC owned approximately 0.16% of Interactive Brokers Group worth $119,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBKR. Creative Planning lifted its holdings in shares of Interactive Brokers Group by 5.5% during the 3rd quarter. Creative Planning now owns 8,196 shares of the financial services provider's stock valued at $1,142,000 after purchasing an additional 428 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in shares of Interactive Brokers Group by 6.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 10,598 shares of the financial services provider's stock valued at $1,477,000 after purchasing an additional 610 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Interactive Brokers Group in the 3rd quarter worth $3,521,000. First Citizens Bank & Trust Co. raised its stake in Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider's stock worth $280,000 after acquiring an additional 107 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Interactive Brokers Group by 13.8% in the 3rd quarter. Raymond James & Associates now owns 490,135 shares of the financial services provider's stock worth $68,305,000 after acquiring an additional 59,340 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Down 2.9 %

Shares of NASDAQ:IBKR traded down $6.65 during trading on Thursday, reaching $226.00. 2,345,855 shares of the company's stock traded hands, compared to its average volume of 1,754,256. Interactive Brokers Group, Inc. has a fifty-two week low of $103.02 and a fifty-two week high of $236.53. The firm has a market cap of $95.49 billion, a PE ratio of 32.01, a P/E/G ratio of 1.66 and a beta of 0.89. The company has a 50-day simple moving average of $200.60 and a 200-day simple moving average of $166.65.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted 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. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period last year, the firm earned $1.52 EPS. The company's quarterly revenue was up 21.8% on a year-over-year basis. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm 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 dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In other news, Director Jill Bright acquired 135 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were bought 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 in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.21% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IBKR. Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Citigroup lifted 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. Finally, The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.13.

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.