Interactive Brokers Group, Inc. (NASDAQ:IBKR) is Greenwich Wealth Management LLC’s Largest Position

Greenwich Wealth Management LLC lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,774,582 shares of the financial services provider’s stock after selling 204,641 shares during the quarter. Interactive Brokers Group accounts for 34.6% of Greenwich Wealth Management LLC’s holdings, making the stock its biggest holding. Greenwich Wealth Management LLC’s holdings in Interactive Brokers Group were worth $490,185,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IBKR. Sigma Planning Corp bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $225,000. Los Angeles Capital Management LLC raised its position in shares of Interactive Brokers Group by 27.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 3,041 shares of the financial services provider’s stock worth $424,000 after acquiring an additional 660 shares in the last quarter. Prime Capital Investment Advisors LLC raised its position in shares of Interactive Brokers Group by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock worth $383,000 after acquiring an additional 97 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $229,000. Finally, KBC Group NV raised its position in shares of Interactive Brokers Group by 3.0% in the 3rd quarter. KBC Group NV now owns 109,158 shares of the financial services provider’s stock worth $15,212,000 after acquiring an additional 3,211 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Interactive Brokers Group Trading Up 4.4 %

Interactive Brokers Group stock opened at $168.11 on Friday. The firm has a market cap of $71.04 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.59 and a beta of 0.99. The stock has a fifty day simple moving average of $204.67 and a two-hundred day simple moving average of $175.08. 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 released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for 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 period last year, the business posted $1.52 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.99% 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.