O Shaughnessy Asset Management LLC Buys 2,596 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

O Shaughnessy Asset Management LLC raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 30.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,167 shares of the financial services provider's stock after buying an additional 2,596 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Interactive Brokers Group were worth $1,973,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IBKR. KG&L Capital Management LLC lifted its position in shares of Interactive Brokers Group by 2.5% in the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock worth $428,000 after purchasing an additional 60 shares in the last quarter. TD Private Client Wealth LLC lifted its position in shares of Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock worth $2,759,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc lifted its position 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 purchasing an additional 71 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in shares of Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider's stock worth $1,270,000 after purchasing an additional 78 shares in the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Interactive Brokers Group by 3.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider's stock worth $398,000 after purchasing an additional 81 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup dropped their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective 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. Piper Sandler dropped their price objective on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Tuesday. Finally, Barclays dropped their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $195.88.

Insider Buying and Selling

In other news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The stock was purchased 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 trade represents a 5.77 % increase in their ownership of the stock. The purchase 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.

Interactive Brokers Group Stock Down 2.7 %

IBKR stock traded down $4.55 during midday trading on Thursday, hitting $166.17. 1,066,043 shares of the company traded hands, compared to its average volume of 1,298,901. The business has a 50 day simple moving average of $192.31 and a 200-day simple moving average of $180.22. The stock has a market capitalization of $70.22 billion, a price-to-earnings ratio of 23.62, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company posted $1.52 earnings per share. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. Interactive Brokers Group's payout ratio is 14.16%.

Interactive Brokers Group Company 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.