Bank of New York Mellon Corp Sells 86,958 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Bank of New York Mellon Corp decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 752,432 shares of the financial services provider’s stock after selling 86,958 shares during the period. Bank of New York Mellon Corp’s holdings in Interactive Brokers Group were worth $132,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in IBKR. Creative Planning grew its holdings in shares of Interactive Brokers Group by 5.5% in the third quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock worth $1,142,000 after purchasing an additional 428 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in 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 valued at $1,760,000 after acquiring an additional 1,025 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Interactive Brokers Group by 12.3% in the third quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the financial services provider’s stock valued at $179,000 after acquiring an additional 140 shares in the last quarter. Integrated Advisors Network LLC bought a new stake in Interactive Brokers Group in the third quarter valued at $497,000. Finally, SteelPeak Wealth LLC boosted its holdings in Interactive Brokers Group by 10.2% in the third quarter. SteelPeak Wealth LLC now owns 3,683 shares of the financial services provider’s stock valued at $513,000 after acquiring an additional 342 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.21% of the stock is owned by insiders.

Interactive Brokers Group Trading Up 0.4 %

Shares of Interactive Brokers Group stock opened at $204.40 on Friday. The firm has a market capitalization of $86.36 billion, a P/E ratio of 28.95, a P/E/G ratio of 1.59 and a beta of 0.89. The business has a fifty day simple moving average of $204.34 and a two-hundred day simple moving average of $170.59. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion during 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%. Interactive Brokers Group’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.52 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The business 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 $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Analyst Ratings Changes

Several analysts recently weighed in on IBKR shares. Keefe, Bruyette & Woods lifted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. UBS Group lifted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

About Interactive Brokers Group

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.