Oppenheimer & Co. Inc. Has $267,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Oppenheimer & Co. Inc. reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,510 shares of the financial services provider’s stock after selling 135 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Interactive Brokers Group were worth $267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Farther Finance Advisors LLC lifted 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. QRG Capital Management Inc. lifted 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. Summit Global Investments bought a new stake in shares of Interactive Brokers Group in the third quarter valued at about $219,000. AIA Group Ltd lifted its stake in shares of Interactive Brokers Group by 7.0% in the third quarter. AIA Group Ltd now owns 18,300 shares of the financial services provider’s stock valued at $2,550,000 after buying an additional 1,200 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of Interactive Brokers Group in the third quarter valued at about $3,930,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

IBKR opened at $192.17 on Friday. The company has a fifty day moving average price of $205.88 and a two-hundred day moving average price of $173.57. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The firm has a market capitalization of $81.20 billion, a PE ratio of 27.22, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.52 EPS. Equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is presently 14.16%.

Analysts Set New Price Targets

A number of brokerages have commented on IBKR. Barclays raised their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler restated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was bought 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.21% of the company’s stock.

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.