Hennion & Walsh Asset Management Inc. Sells 284 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Hennion & Walsh Asset Management Inc. decreased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,763 shares of the financial services provider’s stock after selling 284 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Interactive Brokers Group were worth $979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in IBKR. Vanguard Group Inc. grew its position in Interactive Brokers Group by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 9,690,056 shares of the financial services provider’s stock valued at $803,306,000 after purchasing an additional 123,226 shares during the last quarter. Norges Bank purchased a new position in Interactive Brokers Group in the 4th quarter worth approximately $97,476,000. Wells Fargo & Company MN lifted its position in Interactive Brokers Group by 1.4% in the 4th quarter. Wells Fargo & Company MN now owns 968,669 shares of the financial services provider’s stock valued at $80,303,000 after acquiring an additional 13,145 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Interactive Brokers Group by 122.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock valued at $78,855,000 after purchasing an additional 524,503 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Interactive Brokers Group by 16.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 840,852 shares of the financial services provider’s stock valued at $69,707,000 after purchasing an additional 116,890 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on IBKR. Barclays lifted their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Citigroup boosted their price objective on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. Piper Sandler raised their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Finally, Bank of America increased their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Stock Up 3.4 %

Shares of IBKR stock opened at $126.75 on Tuesday. The company’s fifty day simple moving average is $122.11 and its two-hundred day simple moving average is $107.46. Interactive Brokers Group, Inc. has a 52 week low of $72.60 and a 52 week high of $129.19. The stock has a market cap of $53.37 billion, a P/E ratio of 21.67, a PEG ratio of 1.22 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.59 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a $0.25 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. Interactive Brokers Group’s payout ratio is 17.09%.

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.