Griffin Asset Management Inc. Reduces Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Griffin Asset Management Inc. decreased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,480 shares of the financial services provider’s stock after selling 80 shares during the period. Griffin Asset Management Inc.’s holdings in Interactive Brokers Group were worth $615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the 4th quarter worth about $25,000. Versant Capital Management Inc increased its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. raised its stake in shares of Interactive Brokers Group by 90.7% during the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares in the last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. grew its stake in Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Up 1.9 %

NASDAQ:IBKR opened at $207.75 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $88.22 and a twelve month high of $220.66. The company has a market cap of $87.78 billion, a PE ratio of 29.43, a P/E/G ratio of 1.49 and a beta of 0.87. The company’s 50 day moving average is $186.96 and its two-hundred day moving average is $154.49.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. 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

IBKR has been the subject of several recent research reports. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. The Goldman Sachs Group lifted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup boosted their target price 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. Finally, UBS Group raised 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $204.13.

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.