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

O Brien Greene & Co. Inc lessened its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 5.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 81,718 shares of the financial services provider's stock after selling 4,763 shares during the period. Interactive Brokers Group comprises approximately 3.5% 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 $11,388,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IBKR. Tortoise Investment Management LLC increased its position in Interactive Brokers Group by 76.6% during the 2nd quarter. Tortoise Investment Management LLC now owns 256 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 111 shares during the period. Fairfield Financial Advisors LTD bought a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $32,000. UMB Bank n.a. increased its holdings in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after buying an additional 224 shares during the period. Smithfield Trust Co lifted its holdings in Interactive Brokers Group by 80.6% during the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock worth $48,000 after buying an additional 154 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 23.80% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBKR. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. Piper Sandler restated an "overweight" rating and issued a $163.00 price target on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays boosted their price objective on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an "overweight" rating in a research note on Monday. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $166.13.

Interactive Brokers Group Stock Down 3.6 %

Shares of IBKR traded down $6.79 during trading hours on Monday, reaching $180.17. 1,423,571 shares of the company traded hands, compared to its average volume of 1,017,423. The business has a fifty day moving average price of $165.11 and a 200-day moving average price of $138.27. Interactive Brokers Group, Inc. has a 12-month low of $78.93 and a 12-month high of $193.42. The stock has a market capitalization of $76.13 billion, a P/E ratio of 28.54, a P/E/G ratio of 1.46 and a beta of 0.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The firm had revenue of $2.45 billion during the quarter, compared to analysts' expectations of $1.32 billion. During the same quarter in the prior year, the company earned $1.55 EPS. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. Interactive Brokers Group's dividend payout ratio is presently 15.27%.

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.