O Brien Greene & Co. Inc Lowers Holdings in Interactive Brokers Group, Inc. $IBKR

O Brien Greene & Co. Inc decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 259,303 shares of the financial services provider’s stock after selling 8,832 shares during the period. Interactive Brokers Group makes up 5.0% of O Brien Greene & Co. Inc’s holdings, making the stock its 2nd biggest position. O Brien Greene & Co. Inc’s holdings in Interactive Brokers Group were worth $16,676,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in IBKR. National Pension Service grew its holdings in shares of Interactive Brokers Group by 2.2% during the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after purchasing an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Interactive Brokers Group by 36.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 7,234 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Interactive Brokers Group by 15.0% during the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after purchasing an additional 15,684 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after purchasing an additional 68,148 shares in the last quarter. Finally, Hartford Investment Management Co. acquired a new stake in shares of Interactive Brokers Group during the 3rd quarter worth $1,798,000. Institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the topic of several analyst reports. Jefferies Financial Group reduced their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. BMO Capital Markets raised their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective on the stock. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research note on Friday, May 1st. Finally, Piper Sandler raised their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $83.25.

Interactive Brokers Group Stock Down 1.4%

NASDAQ:IBKR opened at $87.00 on Friday. The stock’s 50-day simple moving average is $73.89 and its 200 day simple moving average is $71.05. The firm has a market capitalization of $147.58 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.40 and a beta of 1.32. Interactive Brokers Group, Inc. has a twelve month low of $49.15 and a twelve month high of $88.44.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $1.94 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is 13.79%.

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.