Steward Partners Investment Advisory LLC Acquires 318 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Steward Partners Investment Advisory LLC increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,292 shares of the financial services provider’s stock after acquiring an additional 318 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Interactive Brokers Group were worth $4,645,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $28,000. Versant Capital Management Inc boosted its position in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in shares of Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other news, Director Jill Bright bought 135 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.21% of the stock is owned by insiders.

Interactive Brokers Group Stock Performance

IBKR stock opened at $189.70 on Friday. The company has a fifty day moving average price of $205.45 and a 200-day moving average price of $172.60. The company has a market capitalization of $80.15 billion, a P/E ratio of 26.87, a PEG 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 quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Wall Street Analyst Weigh In

IBKR has been the topic of several analyst reports. Citigroup increased their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

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.