Silver Oak Securities Incorporated Sells 1,619 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Silver Oak Securities Incorporated cut its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,907 shares of the financial services provider's stock after selling 1,619 shares during the period. Silver Oak Securities Incorporated's holdings in Interactive Brokers Group were worth $1,594,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBKR. KG&L Capital Management LLC raised its holdings in Interactive Brokers Group by 2.5% in the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider's stock valued at $428,000 after buying an additional 60 shares during the last quarter. Townsquare Capital LLC raised its holdings in Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider's stock valued at $760,000 after buying an additional 67 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in Interactive Brokers Group by 0.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider's stock valued at $2,759,000 after buying an additional 69 shares during the last quarter. Versant Capital Management Inc increased its position in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares during the period. Finally, Lebenthal Global Advisors LLC increased its position in Interactive Brokers Group by 1.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider's stock valued at $1,270,000 after purchasing an additional 78 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of IBKR stock traded down $2.56 during trading hours on Monday, hitting $228.59. 872,158 shares of the company were exchanged, compared to its average volume of 1,739,605. The firm has a market cap of $96.58 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a fifty-two week low of $97.75 and a fifty-two week high of $235.29. The company has a 50 day simple moving average of $192.09 and a two-hundred day simple moving average of $160.21.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the firm posted $1.52 EPS. Interactive Brokers Group's revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group's payout ratio is currently 14.16%.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the company's stock in a transaction on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. UBS Group increased their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Monday, January 13th. Piper Sandler reissued an "overweight" rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, Barclays increased their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.