Heartland Advisors Inc. Sells 100,411 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Heartland Advisors Inc. cut its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 73.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,565 shares of the financial services provider's stock after selling 100,411 shares during the period. Heartland Advisors Inc.'s holdings in Interactive Brokers Group were worth $3,031,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the 4th quarter worth $25,000. Rakuten Securities Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter worth about $34,000. Headlands Technologies LLC bought a new stake in Interactive Brokers Group during the 3rd quarter valued at approximately $40,000. Principal Securities Inc. purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $40,000. Finally, Asset Management One Co. Ltd. raised its position in shares of Interactive Brokers Group by 22.2% in the 4th quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider's stock worth $62,000 after acquiring an additional 135 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total transaction of $524,300.00. Following the transaction, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.21% of the company's stock.

Interactive Brokers Group Trading Up 1.6 %

IBKR stock traded up $2.00 during midday trading on Friday, hitting $123.82. The company's stock had a trading volume of 604,493 shares, compared to its average volume of 1,118,135. The firm's 50-day moving average is $113.77 and its 200-day moving average is $97.68. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $123.94. The company has a market cap of $52.14 billion, a PE ratio of 21.17, a P/E/G ratio of 1.23 and a beta of 0.81.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. Analysts expect that Interactive Brokers Group, Inc. will post 6.49 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Friday, May 31st. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.10. Interactive Brokers Group's dividend payout ratio (DPR) is presently 6.84%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IBKR. Piper Sandler upped their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, April 12th. Citigroup increased their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. Bank of America lifted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a "buy" rating in a research report on Wednesday, April 17th. Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 17th. Finally, Barclays upped their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.00.

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.