Greenwich Wealth Management LLC trimmed its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,742 shares of the financial services provider’s stock after selling 44,151 shares during the quarter. Interactive Brokers Group makes up 2.5% of Greenwich Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Greenwich Wealth Management LLC’s holdings in Interactive Brokers Group were worth $15,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of IBKR. Alliancebernstein L.P. raised its position in shares of Interactive Brokers Group by 0.6% during the second quarter. Alliancebernstein L.P. now owns 34,504 shares of the financial services provider’s stock worth $1,291,000 after acquiring an additional 196 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Interactive Brokers Group by 10.7% during the second quarter. Teachers Advisors LLC now owns 75,974 shares of the financial services provider’s stock worth $2,843,000 after acquiring an additional 7,318 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Interactive Brokers Group by 17.9% during the second quarter. UBS Asset Management Americas Inc. now owns 53,011 shares of the financial services provider’s stock worth $1,984,000 after acquiring an additional 8,058 shares during the last quarter. Northern Trust Corp raised its position in shares of Interactive Brokers Group by 1.4% during the second quarter. Northern Trust Corp now owns 590,614 shares of the financial services provider’s stock worth $22,100,000 after acquiring an additional 8,005 shares during the last quarter. Finally, FMR LLC raised its position in shares of Interactive Brokers Group by 54.1% during the second quarter. FMR LLC now owns 722,777 shares of the financial services provider’s stock worth $27,047,000 after acquiring an additional 253,611 shares during the last quarter. Institutional investors own 15.74% of the company’s stock.

Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) opened at $63.68 on Tuesday. The firm has a market capitalization of $25,534.01, a P/E ratio of 59.51, a price-to-earnings-growth ratio of 2.99 and a beta of 1.05. Interactive Brokers Group, Inc. has a 1-year low of $33.01 and a 1-year high of $67.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.07. The business had revenue of $515.00 million during the quarter, compared to the consensus estimate of $398.05 million. Interactive Brokers Group had a return on equity of 1.74% and a net margin of 3.94%. The firm’s revenue for the quarter was up 166.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share. equities analysts expect that Interactive Brokers Group, Inc. will post 2.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Thursday, March 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $0.40 dividend on an annualized basis and a yield of 0.63%. Interactive Brokers Group’s payout ratio is currently 37.38%.

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 32,000 shares of Interactive Brokers Group stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $62.80, for a total value of $2,009,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.41% of the company’s stock.

IBKR has been the subject of a number of analyst reports. SunTrust Banks raised their price objective on Interactive Brokers Group to $48.00 and gave the stock an “average” rating in a research report on Wednesday, October 18th. Sandler O’Neill restated a “buy” rating on shares of Interactive Brokers Group in a research report on Friday, February 2nd. BidaskClub upgraded Interactive Brokers Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective for the company in a research report on Monday, January 8th. Finally, Goldman Sachs Group downgraded Interactive Brokers Group from a “neutral” rating to a “sell” rating and set a $59.00 target price for the company. in a report on Monday, January 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Interactive Brokers Group presently has an average rating of “Hold” and an average target price of $50.33.

TRADEMARK VIOLATION WARNING: This piece of content was posted by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/13/greenwich-wealth-management-llc-lowers-stake-in-interactive-brokers-group-inc-ibkr.html.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (IBG, Inc) is a holding company. The Company is an automated global electronic broker and market maker specializing in routing orders, and executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on over 120 electronic exchanges and market centers around the world and offering custody, prime brokerage, securities and margin lending services to customers.

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKR).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.