Quinn Opportunity Partners LLC Reduces Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Quinn Opportunity Partners LLC decreased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 54.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 67,048 shares of the financial services provider's stock after selling 79,009 shares during the quarter. Quinn Opportunity Partners LLC's holdings in Interactive Brokers Group were worth $11,845,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group in the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth $28,000. Versant Capital Management Inc increased its stake in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. raised its holdings in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its position in Interactive Brokers Group by 39.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 53 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, Director Jill Bright purchased 135 shares of the business's stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.99% of the stock is owned by insiders.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR traded up $0.44 during midday trading on Tuesday, reaching $173.43. 2,336,389 shares of the company's stock were exchanged, compared to its average volume of 1,323,969. The firm's 50 day simple moving average is $188.91 and its two-hundred day simple moving average is $181.21. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The stock has a market cap of $73.29 billion, a price-to-earnings ratio of 24.57, a P/E/G ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, hitting analysts' consensus estimates of $1.88. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on IBKR. Piper Sandler reduced their price objective on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Barclays decreased their price target on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a report on Monday, April 7th. UBS Group raised their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. Finally, Citigroup cut their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and a consensus price target 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.