Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Cross Staff Investments Inc

Cross Staff Investments Inc raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 57.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,150 shares of the financial services provider's stock after purchasing an additional 1,150 shares during the period. Cross Staff Investments Inc's holdings in Interactive Brokers Group were worth $557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock worth $559,821,000 after buying an additional 11,379 shares in the last quarter. State Street Corp raised its holdings in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after acquiring an additional 52,911 shares during the period. Geode Capital Management LLC boosted its position in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after acquiring an additional 106,392 shares during the last quarter. FMR LLC boosted its position in shares of Interactive Brokers Group by 12.2% during the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after acquiring an additional 119,187 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of 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 purchasing an additional 127,640 shares during the period. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Barclays upped their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. 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 note on Friday, January 10th. UBS Group upped 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. Finally, Keefe, Bruyette & Woods raised 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded up $6.54 during trading on Monday, reaching $223.98. The stock had a trading volume of 1,252,369 shares, compared to its average volume of 1,664,198. The company has a market cap of $94.64 billion, a P/E ratio of 31.72, a PEG ratio of 1.54 and a beta of 0.89. Interactive Brokers Group, Inc. has a fifty-two week low of $92.61 and a fifty-two week high of $224.75. The business's 50-day moving average price is $188.49 and its 200-day moving average price is $156.44.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share 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 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%. Interactive Brokers Group's revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. Analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.45%. 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.