Dana Investment Advisors Inc. Reduces Position in Interactive Brokers Group, Inc. $IBKR

Dana Investment Advisors Inc. trimmed its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,291 shares of the financial services provider’s stock after selling 45,589 shares during the quarter. Interactive Brokers Group accounts for approximately 0.7% of Dana Investment Advisors Inc.’s holdings, making the stock its 29th biggest holding. Dana Investment Advisors Inc.’s holdings in Interactive Brokers Group were worth $23,484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound View Wealth Advisors Group LLC grew its holdings in Interactive Brokers Group by 12.3% in the 3rd quarter. Sound View Wealth Advisors Group LLC now owns 27,506 shares of the financial services provider’s stock worth $1,893,000 after acquiring an additional 3,003 shares during the last quarter. Marks Group Wealth Management Inc purchased a new stake in shares of Interactive Brokers Group during the third quarter worth about $3,050,000. Premier Fund Managers Ltd grew its stake in shares of Interactive Brokers Group by 4.1% in the third quarter. Premier Fund Managers Ltd now owns 256,200 shares of the financial services provider’s stock worth $17,629,000 after purchasing an additional 10,200 shares during the last quarter. Lansforsakringar Fondforvaltning AB publ increased its holdings in Interactive Brokers Group by 3.6% during the 3rd quarter. Lansforsakringar Fondforvaltning AB publ now owns 136,535 shares of the financial services provider’s stock valued at $9,395,000 after purchasing an additional 4,687 shares during the period. Finally, Citigroup Inc. raised its position in Interactive Brokers Group by 61.8% during the 3rd quarter. Citigroup Inc. now owns 2,432,598 shares of the financial services provider’s stock valued at $167,387,000 after purchasing an additional 928,978 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $71.54 on Tuesday. The stock has a market cap of $121.34 billion, a P/E ratio of 32.30, a P/E/G ratio of 2.08 and a beta of 1.24. The stock’s fifty day moving average is $71.34 and its 200 day moving average is $67.81. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business had revenue of $1.64 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same quarter in the prior year, the business posted $0.51 earnings per share. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Analysts Set New Price Targets

A number of brokerages recently commented on IBKR. BMO Capital Markets raised their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. CICC Research assumed coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Buy” and an average price target of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider directly owned 155,000 shares of the company’s stock, valued at $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 400,000 shares of company stock valued at $30,725,122 in the last three months. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.