FourThought Financial LLC Has $516,000 Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

FourThought Financial LLC grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 20.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,078 shares of the financial services provider’s stock after purchasing an additional 1,387 shares during the period. FourThought Financial LLC’s holdings in Interactive Brokers Group were worth $516,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IBKR. Wipfli Financial Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter worth approximately $28,000. Eagle Bay Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $31,000. Fifth Third Bancorp lifted its holdings in shares of Interactive Brokers Group by 40.2% during the 3rd quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 146 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Interactive Brokers Group by 180.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 743 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 478 shares during the period. Finally, CWM LLC lifted its holdings in shares of Interactive Brokers Group by 20.5% during the 3rd quarter. CWM LLC now owns 787 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 97.84% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $77.90 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $52.18 and a 52-week high of $90.19. The firm has a 50 day moving average price of $82.25 and a two-hundred day moving average price of $75.70. The stock has a market cap of $32.68 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 0.53 and a beta of 0.79.

Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last announced its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.14. Interactive Brokers Group had a net margin of 9.30% and a return on equity of 3.77%. The firm had revenue of $976.00 million during the quarter, compared to analysts’ expectations of $926.75 million. Analysts predict that Interactive Brokers Group, Inc. will post 5.53 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Tuesday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 10.70%.

Analysts Set New Price Targets

IBKR has been the subject of several research reports. StockNews.com initiated coverage on shares of Interactive Brokers Group in a research note on Thursday. They issued a “hold” rating for the company. Barclays increased their price objective on shares of Interactive Brokers Group from $90.00 to $96.00 and gave the company an “overweight” rating in a research note on Wednesday, January 18th. Finally, Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $96.17.

Insider Transactions at Interactive Brokers Group

In other news, Chairman Thomas Peterffy sold 20,000 shares of the stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $75.71, for a total transaction of $1,514,200.00. Following the completion of the sale, the chairman now directly owns 1,836,105 shares in the company, valued at $139,011,509.55. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 160,000 shares of company stock worth $12,393,800 over the last three months. 5.72% of the stock is owned by company insiders.

Interactive Brokers Group Company Profile

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Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.