Oppenheimer & Co. Inc. Sells 11,908 Shares of Interactive Brokers Group, Inc. $IBKR

Oppenheimer & Co. Inc. lowered its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 52.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,666 shares of the financial services provider’s stock after selling 11,908 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Interactive Brokers Group were worth $686,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. National Pension Service raised its position in Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after acquiring an additional 15,339 shares in the last quarter. Jones Financial Companies Lllp raised its position in Interactive Brokers Group by 36.8% during the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock valued at $1,777,000 after acquiring an additional 7,234 shares in the last quarter. State of Michigan Retirement System raised its position in Interactive Brokers Group by 15.0% during the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after acquiring an additional 15,684 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Interactive Brokers Group by 1,221.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock valued at $5,073,000 after acquiring an additional 68,148 shares in the last quarter. Finally, Hartford Investment Management Co. purchased a new position in Interactive Brokers Group during the third quarter valued at approximately $1,798,000. Institutional investors own 23.80% of the company’s stock.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective on the stock. Barclays raised their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Piper Sandler raised their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group lowered their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $83.25.

Interactive Brokers Group Trading Up 0.8%

IBKR stock opened at $84.42 on Friday. The company has a market capitalization of $143.21 billion, a PE ratio of 36.39, a P/E/G ratio of 2.31 and a beta of 1.32. Interactive Brokers Group, Inc. has a 12-month low of $46.10 and a 12-month high of $87.37. The business’s fifty day moving average price is $72.20 and its 200 day moving average price is $70.28.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the business earned $1.94 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

Interactive Brokers Group Company 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.