Interactive Brokers Group, Inc. $IBKR is O Brien Greene & Co. Inc’s Largest Position

O Brien Greene & Co. Inc lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 268,135 shares of the financial services provider’s stock after selling 13,554 shares during the period. Interactive Brokers Group makes up 5.7% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its largest position. O Brien Greene & Co. Inc’s holdings in Interactive Brokers Group were worth $18,450,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new stake in Interactive Brokers Group during the third quarter worth about $27,000. Huntington National Bank increased its stake in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Interactive Brokers Group during the second quarter valued at approximately $32,000. N.E.W. Advisory Services LLC boosted its position in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 474 shares in the last quarter. Finally, Rialto Wealth Management LLC boosted its position in shares of Interactive Brokers Group by 306.4% in the 2nd quarter. Rialto Wealth Management LLC now owns 764 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 576 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IBKR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. CICC Research initiated coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. BMO Capital Markets raised their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last three months. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Trading Down 3.8%

Interactive Brokers Group stock opened at $71.54 on Tuesday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $79.18. The stock has a fifty day simple moving average of $71.34 and a two-hundred day simple moving average of $67.81. The firm has a market cap of $121.34 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 2.08 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. During the same period last year, the firm posted $0.51 earnings per share. Interactive Brokers Group’s revenue was up 18.5% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.