Dana Investment Advisors Inc. Has $22.94 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dana Investment Advisors Inc. reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 129,838 shares of the financial services provider’s stock after selling 7,537 shares during the period. Interactive Brokers Group accounts for approximately 0.8% of Dana Investment Advisors Inc.’s investment portfolio, making the stock its 24th largest holding. Dana Investment Advisors Inc.’s holdings in Interactive Brokers Group were worth $22,938,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth $83,630,000. Waverton Investment Management Ltd bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth $26,946,000. Lord Abbett & CO. LLC bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth $25,085,000. Bamco Inc. NY boosted its position in shares of Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after purchasing an additional 127,640 shares during the last quarter. Finally, Progeny 3 Inc. bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth $17,699,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their target price 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. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $196.69 on Thursday. The stock’s 50-day simple moving average is $205.12 and its 200 day simple moving average is $172.43. The company has a market cap of $83.11 billion, a P/E ratio of 27.86, a P/E/G ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for 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%. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.52 earnings per share. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently announced 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

About Interactive Brokers Group

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.