Norden Group LLC Decreases Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Norden Group LLC trimmed its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,553 shares of the financial services provider’s stock after selling 145 shares during the quarter. Norden Group LLC’s holdings in Interactive Brokers Group were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. KG&L Capital Management LLC grew its stake in shares of Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 60 shares during the last quarter. Townsquare Capital LLC boosted its stake 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 worth $760,000 after purchasing an additional 67 shares in the last quarter. TD Private Client Wealth LLC grew its position in Interactive Brokers Group by 0.3% during the 3rd 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 during the last quarter. Versant Capital Management Inc increased its stake 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 in the last quarter. Finally, Lebenthal Global Advisors LLC raised its holdings 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 buying an additional 78 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 2.7 %

Shares of IBKR stock opened at $196.03 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The stock has a market cap of $82.83 billion, a P/E ratio of 27.77, a P/E/G ratio of 1.59 and a beta of 0.89. The stock has a 50 day moving average of $205.12 and a 200 day moving average of $172.43.

Interactive Brokers Group (NASDAQ:IBKR) last posted its 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. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays upped their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One analyst has 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, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.21% of the stock is owned by company insiders.

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.