Wealth Alliance Decreases Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wealth Alliance cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,860 shares of the financial services provider’s stock after selling 260 shares during the quarter. Wealth Alliance’s holdings in Interactive Brokers Group were worth $505,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IBKR. Freedom Day Solutions LLC increased its holdings in Interactive Brokers Group by 1.9% in the 4th quarter. Freedom Day Solutions LLC now owns 15,084 shares of the financial services provider’s stock worth $2,665,000 after acquiring an additional 279 shares during the last quarter. Global Retirement Partners LLC increased its holdings in Interactive Brokers Group by 804.1% in the 4th quarter. Global Retirement Partners LLC now owns 6,455 shares of the financial services provider’s stock worth $1,140,000 after acquiring an additional 5,741 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Interactive Brokers Group in the 4th quarter worth about $1,125,000. Atria Wealth Solutions Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter worth about $248,000. Finally, Venturi Wealth Management LLC increased its holdings in Interactive Brokers Group by 2.7% in the 4th quarter. Venturi Wealth Management LLC now owns 4,497 shares of the financial services provider’s stock worth $794,000 after acquiring an additional 120 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Down 3.2 %

IBKR stock opened at $218.68 on Friday. The firm has a market capitalization of $92.40 billion, a PE ratio of 30.97, a PEG ratio of 1.63 and a beta of 0.89. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The stock has a 50-day simple moving average of $201.39 and a two-hundred day simple moving average of $167.41.

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

Interactive Brokers Group Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

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

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.