O Shaughnessy Asset Management LLC Boosts Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

O Shaughnessy Asset Management LLC lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 30.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,167 shares of the financial services provider’s stock after purchasing an additional 2,596 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Interactive Brokers Group were worth $1,973,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mawer Investment Management Ltd. lifted its holdings in Interactive Brokers Group by 9.3% during the fourth quarter. Mawer Investment Management Ltd. now owns 127,998 shares of the financial services provider’s stock worth $22,613,000 after buying an additional 10,941 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth $12,015,000. Maridea Wealth Management LLC bought a new stake in Interactive Brokers Group during the fourth quarter valued at about $747,000. Brown Brothers Harriman & Co. boosted its position in Interactive Brokers Group by 5.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 7,807 shares of the financial services provider’s stock valued at $1,379,000 after purchasing an additional 386 shares in the last quarter. Finally, DnB Asset Management AS bought a new position in Interactive Brokers Group in the fourth quarter worth about $250,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Down 8.4 %

Shares of NASDAQ:IBKR opened at $146.08 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.59 and a beta of 0.99. The business has a 50-day moving average price of $197.90 and a 200-day moving average price of $179.41.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 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 analysts’ expectations of $1.37 billion. During the same period in the previous year, the business posted $1.52 EPS. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Citigroup lowered their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group upped their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. 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 research note on Wednesday, January 22nd. Finally, 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. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.50.

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.