Dana Investment Advisors Inc. Sells 7,537 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dana Investment Advisors Inc. lessened its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.5% in the fourth quarter, HoldingsChannel reports. The fund owned 129,838 shares of the financial services provider’s stock after selling 7,537 shares during the period. Interactive Brokers Group accounts for approximately 0.8% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 24th largest holding. Dana Investment Advisors Inc.’s holdings in Interactive Brokers Group were worth $22,938,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in IBKR. Nisa Investment Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 12.3% during the third quarter. Nisa Investment Advisors LLC now owns 1,282 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 140 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Interactive Brokers Group by 305.0% in the third quarter. Farther Finance Advisors LLC now owns 810 shares of the financial services provider’s stock valued at $113,000 after buying an additional 610 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of Interactive Brokers Group by 0.4% in the third quarter. Janney Montgomery Scott LLC now owns 76,738 shares of the financial services provider’s stock valued at $10,694,000 after buying an additional 278 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $8,362,000. Finally, QRG Capital Management Inc. boosted its stake in shares of Interactive Brokers Group by 13.1% in the third quarter. QRG Capital Management Inc. now owns 5,497 shares of the financial services provider’s stock valued at $766,000 after buying an additional 638 shares during the period. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.21% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $196.69 on Thursday. The business has a fifty day moving average price of $205.12 and a two-hundred day moving average price of $172.43. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The stock has a market capitalization of $83.11 billion, a PE ratio of 27.86, a PEG ratio of 1.59 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.52 earnings per share. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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 issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.51%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

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.