GAMMA Investing LLC Has $336,000 Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

GAMMA Investing LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 32.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,900 shares of the financial services provider’s stock after buying an additional 467 shares during the period. GAMMA Investing LLC’s holdings in Interactive Brokers Group were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the period. Fairfield Financial Advisors LTD bought a new stake in shares of Interactive Brokers Group in the 2nd quarter worth about $32,000. UMB Bank n.a. grew its holdings in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares during the last quarter. Smithfield Trust Co increased its position in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in Interactive Brokers Group during the 3rd quarter valued at about $49,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 3.5 %

Shares of IBKR stock opened at $190.07 on Tuesday. The firm has a market cap of $80.31 billion, a price-to-earnings ratio of 29.02, a PEG ratio of 1.41 and a beta of 0.87. Interactive Brokers Group, Inc. has a 12 month low of $83.86 and a 12 month high of $193.42. The stock has a 50-day moving average price of $178.44 and a 200 day moving average price of $146.45.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The business had revenue of $2.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.27%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IBKR. Piper Sandler reaffirmed an “overweight” rating and set a $163.00 price objective on shares of Interactive Brokers Group in a report on Wednesday, October 16th. Barclays raised their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a report on Monday, December 9th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group raised their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, UBS Group upped their price target on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $173.00.

Interactive Brokers Group 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.