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

Catalyst Funds Management Pty Ltd purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 19,700 shares of the financial services provider's stock, valued at approximately $3,480,000. Interactive Brokers Group comprises 0.9% of Catalyst Funds Management Pty Ltd's portfolio, making the stock its 24th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of IBKR. Sigma Planning Corp purchased a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $225,000. Crossmark Global Holdings Inc. increased its position in Interactive Brokers Group by 17.8% in the third quarter. Crossmark Global Holdings Inc. now owns 8,131 shares of the financial services provider's stock worth $1,133,000 after buying an additional 1,227 shares during the last quarter. Los Angeles Capital Management LLC increased its position in Interactive Brokers Group by 27.7% in the third quarter. Los Angeles Capital Management LLC now owns 3,041 shares of the financial services provider's stock worth $424,000 after buying an additional 660 shares during the last quarter. Versor Investments LP purchased a new stake in Interactive Brokers Group in the third quarter worth $474,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group in the third quarter worth $83,630,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 3.2 %

NASDAQ:IBKR traded up $5.46 during trading hours on Wednesday, hitting $178.15. 1,628,641 shares of the company's stock traded hands, compared to its average volume of 1,158,588. The firm has a market cap of $75.28 billion, a P/E ratio of 25.23, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The business's fifty day simple moving average is $203.99 and its two-hundred day simple moving average is $176.07.

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Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm's quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the company earned $1.52 earnings per share. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is currently 14.16%.

Insiders Place Their Bets

In other news, Director Jill Bright purchased 135 shares of the company's stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.99% of the company's stock.

Wall Street Analyst Weigh In

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

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.