Advisor OS LLC Has $893,000 Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Advisor OS LLC lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 33.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,054 shares of the financial services provider’s stock after selling 2,574 shares during the period. Advisor OS LLC’s holdings in Interactive Brokers Group were worth $893,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Creative Planning grew its holdings in shares of Interactive Brokers Group by 5.5% during the third quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock worth $1,142,000 after buying an additional 428 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Interactive Brokers Group by 13,967.5% in the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after acquiring an additional 148,055 shares in the last quarter. PFG Investments LLC bought a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $464,000. State of Alaska Department of Revenue lifted its position in shares of Interactive Brokers Group by 8.8% in the third quarter. State of Alaska Department of Revenue now owns 12,636 shares of the financial services provider’s stock worth $1,760,000 after purchasing an additional 1,025 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Interactive Brokers Group by 12.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. UBS Group increased their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Barclays increased their price target 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. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.21% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Up 2.8 %

Interactive Brokers Group stock opened at $206.55 on Thursday. 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 $87.27 billion, a P/E ratio of 29.26, a P/E/G ratio of 1.59 and a beta of 0.89. The company’s 50-day moving average price is $203.17 and its two-hundred day moving average price is $169.75.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 earnings per share. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 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.