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

O Brien Greene & Co. Inc lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 259,303 shares of the financial services provider’s stock after selling 8,832 shares during the period. Interactive Brokers Group accounts for 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBKR. Murphy & Mullick Capital Management Corp bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. Blue Trust Inc. raised its stake in shares of Interactive Brokers Group by 236.0% during the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 472 shares in the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $44,000. Darwin Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $45,000. Finally, Close Asset Management Ltd bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $60,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 1.4%

IBKR opened at $87.00 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $49.15 and a 1-year high of $88.44. The stock’s fifty day simple moving average is $73.89 and its 200 day simple moving average is $71.05. The stock has a market cap 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 (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm 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%.The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.94 EPS. Equities analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is 13.79%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of a number of research analyst reports. 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 target on the stock. Piper Sandler increased their price target 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. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, BMO Capital Markets increased their price target 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. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average price target of $83.25.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on 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 transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Interactive Brokers Group 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.