Empower Advisory Group LLC Decreases Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Empower Advisory Group LLC decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 676,926 shares of the financial services provider’s stock after selling 8,209 shares during the quarter. Empower Advisory Group LLC owned about 0.16% of Interactive Brokers Group worth $119,593,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group during the fourth quarter valued at $25,000. SRH Advisors LLC purchased a new stake in Interactive Brokers Group during the fourth quarter valued at $28,000. Versant Capital Management Inc raised its stake in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. increased its position in Interactive Brokers Group by 90.7% during the fourth 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 last quarter. Finally, Harbor Investment Advisory LLC increased its position in Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on IBKR shares. 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 report on Monday, January 13th. Citigroup boosted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the company’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.21% of the stock is owned by company insiders.

Interactive Brokers Group Trading Down 0.3 %

NASDAQ IBKR opened at $234.12 on Monday. The company’s 50-day moving average price is $196.38 and its 200-day moving average price is $164.09. The stock has a market cap of $98.92 billion, a PE ratio of 33.16, a PEG ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 12 month low of $101.36 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

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.