Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Holdings Decreased by Marvin & Palmer Associates Inc.

Marvin & Palmer Associates Inc. trimmed its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,211 shares of the financial services provider's stock after selling 7,643 shares during the quarter. Interactive Brokers Group makes up about 5.6% of Marvin & Palmer Associates Inc.'s portfolio, making the stock its 5th biggest position. Marvin & Palmer Associates Inc.'s holdings in Interactive Brokers Group were worth $7,281,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock worth $559,821,000 after purchasing an additional 11,379 shares in the last quarter. Cantillon Capital Management LLC grew its stake in Interactive Brokers Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider's stock valued at $599,917,000 after purchasing an additional 18,047 shares during the last quarter. State Street Corp lifted its holdings in shares of Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock valued at $449,037,000 after buying an additional 52,911 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after buying an additional 106,392 shares during the period. Finally, FMR LLC lifted its holdings in shares of Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after buying an additional 119,187 shares during the period. Institutional investors own 23.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. 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. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and an average price target of $204.13.

Remove Ads

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares of the company's stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.21% of the company's stock.

Interactive Brokers Group Trading Up 1.3 %

NASDAQ:IBKR opened at $192.17 on Monday. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The stock has a 50 day moving average of $205.88 and a two-hundred day moving average of $173.93. The firm has a market cap of $81.20 billion, a P/E 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 posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $1.52 earnings per share. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

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.

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.