O Brien Greene & Co. Inc Boosts Stock Holdings in Interactive Brokers Group, Inc. $IBKR

O Brien Greene & Co. Inc increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 287.3% during the second quarter, HoldingsChannel.com reports. The fund owned 281,689 shares of the financial services provider’s stock after purchasing an additional 208,961 shares during the period. Interactive Brokers Group makes up 5.1% of O Brien Greene & Co. Inc’s holdings, making the stock its largest position. O Brien Greene & Co. Inc’s holdings in Interactive Brokers Group were worth $15,608,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of Interactive Brokers Group by 50.2% in the first quarter. Goldman Sachs Group Inc. now owns 597,176 shares of the financial services provider’s stock valued at $98,886,000 after purchasing an additional 199,467 shares during the last quarter. Thrive Wealth Management LLC raised its stake in Interactive Brokers Group by 243.8% during the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 6,163 shares during the last quarter. TD Asset Management Inc boosted its holdings in Interactive Brokers Group by 312.8% in the 2nd quarter. TD Asset Management Inc now owns 104,644 shares of the financial services provider’s stock valued at $5,798,000 after purchasing an additional 79,294 shares during the period. Farther Finance Advisors LLC grew its position in Interactive Brokers Group by 1,093.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,378 shares of the financial services provider’s stock worth $409,000 after purchasing an additional 6,760 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of Interactive Brokers Group by 237.8% during the 2nd quarter. Truist Financial Corp now owns 202,665 shares of the financial services provider’s stock worth $11,230,000 after purchasing an additional 142,662 shares during the period. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the transaction, the director owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jill Bright acquired 400 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, with a total value of $26,380.00. Following the completion of the transaction, the director owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. This trade represents a 4.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold a total of 1,220,797 shares of company stock worth $78,337,744 over the last 90 days. 2.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IBKR shares. Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. CICC Research initiated coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Stock Down 2.5%

NASDAQ:IBKR opened at $69.86 on Friday. The firm has a market cap of $118.49 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The company’s 50-day moving average price is $66.84 and its two-hundred day moving average price is $59.28.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. 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 announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.38%.

About Interactive Brokers Group

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.