Heartland Advisors Inc. Sells 8,465 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Heartland Advisors Inc. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 43.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,111 shares of the financial services provider’s stock after selling 8,465 shares during the period. Heartland Advisors Inc.’s holdings in Interactive Brokers Group were worth $1,963,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBKR. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group in the 4th quarter worth approximately $28,000. Versant Capital Management Inc grew its stake in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. raised its holdings in Interactive Brokers Group by 90.7% during the 4th 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 during the period. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth $33,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

IBKR has been the subject of several recent research reports. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Price Performance

IBKR stock opened at $164.72 on Friday. The firm has a 50 day simple moving average of $201.93 and a two-hundred day simple moving average of $178.06. The stock has a market cap of $69.61 billion, a PE ratio of 23.33, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Interactive Brokers Group’s dividend payout ratio is 14.16%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.99% of the stock is currently owned by corporate insiders.

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.