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

Gabelli Funds LLC reduced its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 8.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 106,386 shares of the financial services provider's stock after selling 9,814 shares during the quarter. Gabelli Funds LLC's holdings in Interactive Brokers Group were worth $18,795,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its holdings in shares of Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the last quarter. Norges Bank bought a new stake in Interactive Brokers Group in the 4th quarter worth about $229,316,000. Raymond James Financial Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter valued at about $120,046,000. Renaissance Technologies LLC lifted its position in shares of Interactive Brokers Group by 59.6% during the 4th quarter. Renaissance Technologies LLC now owns 604,910 shares of the financial services provider's stock worth $106,869,000 after buying an additional 225,910 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Interactive Brokers Group by 39.0% in the 4th quarter. Invesco Ltd. now owns 765,959 shares of the financial services provider's stock worth $135,322,000 after buying an additional 214,844 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Down 3.8 %

NASDAQ:IBKR traded down $6.14 during trading hours on Monday, hitting $153.38. 473,535 shares of the company's stock traded hands, compared to its average volume of 1,344,153. The firm has a market cap of $64.81 billion, a P/E ratio of 21.73, a P/E/G ratio of 1.59 and a beta of 1.02. The business's fifty day simple moving average is $183.78 and its two-hundred day simple moving average is $181.81. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53.

Shares of Interactive Brokers Group are scheduled to split before the market opens on Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly created shares will be payable to shareholders after the market closes on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.99% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on IBKR shares. UBS Group raised their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Bank of America reduced their price objective on Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Citigroup lowered their target price on 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. Barclays increased their price target on Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 16th. Finally, Keefe, Bruyette & Woods lifted their price objective on 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 equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $207.88.

Interactive Brokers Group 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.