6,365 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors

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

Several other hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after acquiring an additional 11,379 shares in the last quarter. State Street Corp raised its stake in Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock valued at $449,037,000 after buying an additional 52,911 shares in the last quarter. Geode Capital Management LLC raised its stake in Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after buying an additional 106,392 shares in the last quarter. FMR LLC raised its stake in Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after buying an additional 119,187 shares in the last quarter. Finally, Bamco Inc. NY raised its stake in Interactive Brokers Group by 16.3% in the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider's stock valued at $127,181,000 after buying an additional 127,640 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. Piper Sandler restated an "overweight" rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Citigroup lifted their target price 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. Finally, Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. One investment 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, Interactive Brokers Group presently has an average rating of "Moderate Buy" and a consensus price target of $204.13.

Interactive Brokers Group Trading Down 0.3 %

Shares of NASDAQ IBKR traded down $0.73 during midday trading on Monday, reaching $234.12. 1,672,620 shares of the company were exchanged, compared to its average volume of 1,813,609. Interactive Brokers Group, Inc. has a 1 year low of $101.36 and a 1 year high of $236.53. The stock has a fifty day simple moving average of $197.46 and a 200 day simple moving average of $164.90. The stock has a market cap of $98.92 billion, a P/E ratio of 33.16, a PEG ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the company posted $1.52 earnings per share. The business's revenue was up 21.8% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's dividend payout ratio is presently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.21% of the stock is owned by corporate insiders.

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.