Rhumbline Advisers Sells 2,131 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Rhumbline Advisers decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 281,418 shares of the financial services provider's stock after selling 2,131 shares during the period. Rhumbline Advisers owned about 0.07% of Interactive Brokers Group worth $49,718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IBKR. PUREfi Wealth LLC acquired a new stake in Interactive Brokers Group in the fourth quarter valued at about $211,000. New Mexico Educational Retirement Board boosted its stake in shares of Interactive Brokers Group by 5.5% in the 4th quarter. New Mexico Educational Retirement Board now owns 22,228 shares of the financial services provider's stock valued at $3,927,000 after purchasing an additional 1,168 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 88 shares in the last quarter. Park Capital Management LLC WI bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at approximately $385,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $1,125,000. 23.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of research analyst reports. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Piper Sandler reissued an "overweight" rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays boosted their price objective 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 increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Finally, UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $204.13.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $219.51 per share, with a total value of $29,633.85. Following 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 position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 3.21% of the stock is owned by company insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR traded down $7.32 during mid-day trading on Friday, reaching $218.68. 2,100,905 shares of the company were exchanged, compared to its average volume of 1,764,461. The business has a 50 day simple moving average of $201.39 and a two-hundred day simple moving average of $167.41. The stock has a market capitalization of $92.40 billion, a PE ratio of 30.97, a PEG ratio of 1.63 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 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, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during 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%. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.52 EPS. On average, analysts predict 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 will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued 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 14.16%.

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.