Friedenthal Financial Invests $775,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Friedenthal Financial bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,388 shares of the financial services provider's stock, valued at approximately $775,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IBKR. Versant Capital Management Inc increased its stake in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group in the second quarter worth $32,000. UMB Bank n.a. increased its stake in Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of Interactive Brokers Group by 105.7% during the fourth quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 148 shares during the period. Finally, Smithfield Trust Co boosted its position in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider's stock worth $48,000 after purchasing an additional 154 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Interactive Brokers Group Trading Down 1.1 %

Shares of Interactive Brokers Group stock traded down $1.95 on Monday, reaching $183.26. The stock had a trading volume of 1,325,792 shares, compared to its average volume of 1,252,684. The business's 50 day moving average is $181.92 and its two-hundred day moving average is $148.79. Interactive Brokers Group, Inc. has a 1 year low of $83.86 and a 1 year high of $193.42. The company has a market cap of $77.43 billion, a P/E ratio of 27.98, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same period in the previous year, the company posted $1.55 EPS. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group's payout ratio is 15.27%.

Analyst Ratings Changes

IBKR has been the topic of several research reports. UBS Group upped their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Monday. Citigroup lifted 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. Piper Sandler raised their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an "overweight" rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group upped 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. 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $190.13.

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.