FourThought Financial Partners LLC Has $1.36 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

FourThought Financial Partners LLC lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,706 shares of the financial services provider’s stock after selling 616 shares during the quarter. FourThought Financial Partners LLC’s holdings in Interactive Brokers Group were worth $1,362,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in IBKR. Donoghue Forlines LLC bought a new position in Interactive Brokers Group during the 4th quarter valued at $2,088,000. Aurora Investment Counsel bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth $1,693,000. Union Bancaire Privee UBP SA purchased a new stake in Interactive Brokers Group during the fourth quarter worth about $3,750,000. New Millennium Group LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $2,319,000. Finally, Friedenthal Financial bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $775,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group lifted 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 note on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group upped 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 note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $214.61 on Tuesday. The stock has a market cap of $90.68 billion, a P/E ratio of 30.40, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The firm has a 50-day moving average of $202.08 and a 200 day moving average of $168.90.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the company earned $1.52 earnings per share. Research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.47%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.21% of the company’s stock.

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.