Catalyst Funds Management Pty Ltd Makes New $3.48 Million Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Catalyst Funds Management Pty Ltd acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 19,700 shares of the financial services provider’s stock, valued at approximately $3,480,000. Interactive Brokers Group accounts for approximately 0.9% of Catalyst Funds Management Pty Ltd’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group in the fourth quarter worth $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $28,000. Versant Capital Management Inc lifted its stake in shares of Interactive Brokers Group by 66.4% in the 4th 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 last quarter. Blue Trust Inc. boosted its holdings in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new position in Interactive Brokers Group during the 4th quarter worth approximately $33,000. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods boosted their price objective on 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. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group upped their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, 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. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $168.11 on Friday. The firm has a market capitalization of $71.04 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99. The stock has a 50 day moving average price of $204.67 and a 200-day moving average price of $174.75. 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 announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.52 EPS. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 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.