Rhumbline Advisers Has $49.72 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Rhumbline Advisers cut its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,418 shares of the financial services provider’s stock after selling 2,131 shares during the quarter. Rhumbline Advisers owned approximately 0.07% of Interactive Brokers Group worth $49,718,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBKR. Creative Planning grew its stake in Interactive Brokers Group by 5.5% in the 3rd quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock valued at $1,142,000 after buying an additional 428 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Interactive Brokers Group in the 3rd quarter worth $3,521,000. First Citizens Bank & Trust Co. grew its position in Interactive Brokers Group by 5.6% in the 3rd quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 107 shares during the last quarter. Raymond James & Associates grew its position in Interactive Brokers Group by 13.8% in the 3rd quarter. Raymond James & Associates now owns 490,135 shares of the financial services provider’s stock worth $68,305,000 after purchasing an additional 59,340 shares during the last quarter. Finally, OLD National Bancorp IN grew its position in Interactive Brokers Group by 20.7% in the 3rd quarter. OLD National Bancorp IN now owns 4,790 shares of the financial services provider’s stock worth $668,000 after purchasing an additional 821 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Jill Bright bought 135 shares of the company’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 purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.21% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research analyst reports. Keefe, Bruyette & Woods raised their price target on shares of 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. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group raised their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 0.3 %

Shares of IBKR stock opened at $234.12 on Tuesday. Interactive Brokers Group, Inc. has a 12-month low of $101.36 and a 12-month high of $236.53. The company has a market capitalization of $98.92 billion, a P/E ratio of 33.16, a P/E/G ratio of 1.62 and a beta of 0.89. The firm has a 50-day moving average price of $197.46 and a 200 day moving average price of $164.90.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm posted $1.52 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 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.