Alliancebernstein L.P. Sells 5,263 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Alliancebernstein L.P. trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,317 shares of the financial services provider’s stock after selling 5,263 shares during the quarter. Alliancebernstein L.P.’s holdings in Interactive Brokers Group were worth $26,733,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group during the fourth quarter worth about $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in shares of 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 worth $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. raised its position in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares in the last quarter. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on IBKR. Barclays lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued 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 reduced their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. Finally, UBS Group increased their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $203.50.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.99% of the company’s stock.

Interactive Brokers Group Price Performance

IBKR stock opened at $146.08 on Monday. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 1.02. The company has a 50 day simple moving average of $197.90 and a 200 day simple moving average of $180.09.

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

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was 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.