Federated Hermes Inc. Has $35.72 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Federated Hermes Inc. lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 215,699 shares of the financial services provider's stock after selling 16,588 shares during the quarter. Federated Hermes Inc. owned 0.05% of Interactive Brokers Group worth $35,718,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IBKR. Bank of America Corp DE increased its position in shares of Interactive Brokers Group by 91.4% in the 4th quarter. Bank of America Corp DE now owns 2,338,972 shares of the financial services provider's stock worth $413,226,000 after purchasing an additional 1,117,186 shares during the last quarter. Geode Capital Management LLC grew its position in Interactive Brokers Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock worth $399,205,000 after purchasing an additional 193,497 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Interactive Brokers Group by 8,249.3% in the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock worth $263,950,000 after acquiring an additional 1,476,135 shares during the period. FMR LLC lifted its holdings in shares of Interactive Brokers Group by 17.1% in the fourth quarter. FMR LLC now owns 1,281,882 shares of the financial services provider's stock valued at $226,470,000 after buying an additional 187,284 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Interactive Brokers Group by 53.1% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,084,337 shares of the financial services provider's stock worth $191,570,000 after purchasing an additional 376,004 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock traded down $1.95 during trading on Friday, reaching $63.61. The company's stock had a trading volume of 7,972,286 shares, compared to its average volume of 5,473,302. Interactive Brokers Group, Inc. has a one year low of $25.92 and a one year high of $66.82. The firm has a market cap of $107.53 billion, a price-to-earnings ratio of 32.70, a price-to-earnings-growth ratio of 2.71 and a beta of 1.22. The business's fifty day moving average price is $56.43 and its 200-day moving average price is $50.60.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm posted $1.76 EPS. The company's revenue was up 14.7% on a year-over-year basis. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group's payout ratio is 16.49%.

Analyst Ratings Changes

IBKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Barclays boosted their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, July 18th. Bank of America decreased their target price on shares of Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Citigroup boosted their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Wall Street Zen raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $59.38.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 39,786 shares of the firm's stock in a transaction on Wednesday, July 30th. The shares were sold at an average price of $66.38, for a total value of $2,640,994.68. Following the sale, the insider directly owned 360,114 shares in the company, valued at $23,904,367.32. This trade represents a 9.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Company Profile

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.