International Assets Investment Management LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

International Assets Investment Management LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 94,589 shares of the financial services provider's stock, valued at approximately $7,841,000.

Other hedge funds also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the 4th quarter worth about $25,000. Eagle Bay Advisors LLC bought a new position in Interactive Brokers Group in the 2nd quarter worth about $31,000. Headlands Technologies LLC bought a new position in Interactive Brokers Group in the 3rd quarter worth about $40,000. Atlas Capital Advisors LLC bought a new position in Interactive Brokers Group in the 1st quarter worth about $40,000. Finally, Steward Partners Investment Advisory LLC grew its stake in Interactive Brokers Group by 496.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider's stock worth $44,000 after acquiring an additional 501 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Down 1.6 %

Shares of NASDAQ:IBKR traded down $1.77 during midday trading on Friday, reaching $110.39. The company's stock had a trading volume of 786,006 shares, compared to its average volume of 800,284. The firm has a market capitalization of $46.48 billion, a PE ratio of 19.50, a P/E/G ratio of 1.28 and a beta of 0.83. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $116.92. The stock has a fifty day moving average of $107.32 and a 200 day moving average of $92.14.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts' consensus estimates of $1.53 by ($0.01). The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm's revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.30 EPS. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 6.32 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Friday, March 1st were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 0.36%. Interactive Brokers Group's dividend payout ratio is presently 7.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Piper Sandler upped their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday. Barclays upped their price target on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the stock an "overweight" rating in a research report on Monday, April 8th. The Goldman Sachs Group raised shares of Interactive Brokers Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. Citigroup upped their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, UBS Group lowered their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating for the company in a research report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $118.13.

Insider Activity at Interactive Brokers Group

In related news, insider Thomas Aj Frank sold 12,917 shares of the firm's stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the sale, the insider now owns 497,368 shares in the company, valued at $44,106,594.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Vice Chairman Earl H. Nemser sold 25,782 shares of Interactive Brokers Group stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the sale, the insider now owns 208,770 shares in the company, valued at $19,981,376.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Thomas Aj Frank sold 12,917 shares of Interactive Brokers Group stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the completion of the sale, the insider now owns 497,368 shares in the company, valued at approximately $44,106,594.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 454,989 shares of company stock worth $42,696,367. 3.21% of the stock is owned by company insiders.

Interactive Brokers Group Company 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.