C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 6,365 shares of the financial services provider's stock, valued at approximately $1,125,000.

Several other institutional investors and hedge funds have also bought and sold shares of IBKR. Sumitomo Mitsui Trust Group Inc. bought a new stake in Interactive Brokers Group during the third quarter worth about $83,630,000. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group during the third quarter worth approximately $26,946,000. Allspring Global Investments Holdings LLC grew its position in Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider's stock worth $36,004,000 after buying an additional 187,010 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in Interactive Brokers Group during the third quarter worth approximately $25,085,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 13,967.5% in the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider's stock valued at $20,781,000 after purchasing an additional 148,055 shares in the last quarter. Institutional investors own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

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

Interactive Brokers Group Stock Down 3.2 %

IBKR traded down $7.32 during midday trading on Friday, hitting $218.68. 2,100,905 shares of the company were exchanged, compared to its average volume of 1,764,461. The firm has a market capitalization of $92.40 billion, a P/E ratio of 30.97, a P/E/G ratio of 1.63 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The firm's 50 day moving average price is $200.60 and its 200-day moving average price is $166.65.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS 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 return on equity of 5.00% and a net margin of 9.25%. The business's quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's dividend payout ratio is 14.16%.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company's stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company's stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.