New Age Alpha Advisors LLC Invests $10.89 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New Age Alpha Advisors LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 61,628 shares of the financial services provider’s stock, valued at approximately $10,888,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Donoghue Forlines LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at $2,088,000. Union Bancaire Privee UBP SA bought a new stake in Interactive Brokers Group during the fourth quarter valued at approximately $3,750,000. Friedenthal Financial bought a new position in Interactive Brokers Group in the fourth quarter valued at $775,000. New Millennium Group LLC purchased a new stake in Interactive Brokers Group in the fourth quarter worth approximately $2,319,000. Finally, Caldwell Investment Management Ltd. bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at $1,215,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Down 2.8 %

Shares of IBKR stock opened at $169.00 on Friday. The stock has a market cap of $71.42 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The business has a 50-day simple moving average of $202.44 and a 200-day simple moving average of $177.78. 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 posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for 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 period last year, the firm posted $1.52 earnings per share. Sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of recent analyst reports. StockNews.com raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a research report on Tuesday. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays increased their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Citigroup boosted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity

In other news, Director Jill Bright acquired 135 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.99% of the company’s stock.

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.