Greenwich Wealth Management LLC Has $490.19 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Greenwich Wealth Management LLC cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,774,582 shares of the financial services provider's stock after selling 204,641 shares during the period. Interactive Brokers Group makes up about 34.6% of Greenwich Wealth Management LLC's investment portfolio, making the stock its largest holding. Greenwich Wealth Management LLC owned about 0.66% of Interactive Brokers Group worth $490,185,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group in the fourth quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in Interactive Brokers Group in the fourth quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in 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 purchasing an additional 71 shares during the period. Blue Trust Inc. lifted its position in Interactive Brokers Group by 90.7% in 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 period. Finally, Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group in the fourth quarter worth approximately $33,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays upped their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Citigroup upped their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a report on Friday, January 10th. 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. Finally, UBS Group upped their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded down $2.29 during midday trading on Thursday, hitting $175.86. The company's stock had a trading volume of 1,828,718 shares, compared to its average volume of 1,162,917. The stock has a market capitalization of $74.31 billion, a price-to-earnings ratio of 24.91, a PEG ratio of 1.59 and a beta of 0.99. The stock's 50 day simple moving average is $203.73 and its 200 day simple moving average is $176.08. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the business earned $1.52 earnings per share. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current 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 given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Buying and Selling

In other news, Director Jill Bright bought 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.99% of the stock is owned by company insiders.

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.