Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 13.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 232,287 shares of the financial services provider's stock after selling 36,058 shares during the period. Federated Hermes Inc. owned approximately 0.05% of Interactive Brokers Group worth $41,038,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC grew its position in Interactive Brokers Group by 2.6% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the financial services provider's stock valued at $502,000 after acquiring an additional 73 shares in the last quarter. Dynamic Technology Lab Private Ltd boosted its position in Interactive Brokers Group by 2.2% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 4,301 shares of the financial services provider's stock valued at $760,000 after buying an additional 93 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new position in Interactive Brokers Group in the 4th quarter valued at approximately $4,328,000. Prudential PLC grew its stake in shares of Interactive Brokers Group by 158.6% in the fourth quarter. Prudential PLC now owns 5,430 shares of the financial services provider's stock worth $959,000 after acquiring an additional 3,330 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in shares of Interactive Brokers Group by 11.4% during the fourth quarter. Landscape Capital Management L.L.C. now owns 2,363 shares of the financial services provider's stock worth $417,000 after acquiring an additional 241 shares during the period. Hedge funds and other institutional investors own 23.80% of the company's stock.

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Interactive Brokers Group Trading Up 4.3 %

Shares of NASDAQ IBKR traded up $7.04 during mid-day trading on Friday, reaching $171.35. The company had a trading volume of 2,479,105 shares, compared to its average volume of 1,318,240. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The stock has a market cap of $72.41 billion, a P/E ratio of 24.27, a PEG ratio of 1.59 and a beta of 1.02. The firm has a 50 day simple moving average of $190.12 and a two-hundred day simple moving average of $180.97.

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, topping analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 earnings per share. On average, equities analysts expect 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 was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the stock in a transaction on Friday, January 31st. The shares were bought 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 approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Keefe, Bruyette & Woods boosted 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. UBS Group raised 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. StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Thursday. Piper Sandler reduced their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, Barclays lowered their target price on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. 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 data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $195.88.

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.