Interactive Brokers Group, Inc. (NASDAQ:IBKR) Holdings Decreased by O Brien Greene & Co. Inc

O Brien Greene & Co. Inc cut its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75,911 shares of the financial services provider's stock after selling 5,807 shares during the period. Interactive Brokers Group makes up 4.4% of O Brien Greene & Co. Inc's investment portfolio, making the stock its 3rd biggest holding. O Brien Greene & Co. Inc's holdings in Interactive Brokers Group were worth $13,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Interactive Brokers Group in the third quarter valued at about $83,630,000. Waverton Investment Management Ltd purchased a new position in Interactive Brokers Group during the third quarter worth about $26,946,000. Allspring Global Investments Holdings LLC lifted its position in Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock valued at $36,004,000 after purchasing an additional 187,010 shares during the period. Lord Abbett & CO. LLC purchased a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $25,085,000. Finally, International Assets Investment Management LLC increased its position in Interactive Brokers Group by 13,967.5% during the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider's stock worth $20,781,000 after purchasing an additional 148,055 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 3.2 %

Shares of IBKR traded down $7.32 during trading hours on Friday, reaching $218.68. 2,100,905 shares of the company traded hands, compared to its average volume of 1,764,461. The stock has a market capitalization of $92.40 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.63 and a beta of 0.89. The stock has a fifty day simple moving average of $201.39 and a 200 day simple moving average of $167.41. 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 quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.46%. Interactive Brokers Group's payout ratio is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The stock was 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 of the company's stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 3.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on IBKR. Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. UBS Group raised their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods upped their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.