Ibex Wealth Advisors Takes $5.50 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Ibex Wealth Advisors acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 31,148 shares of the financial services provider's stock, valued at approximately $5,503,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc increased its stake in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after buying an additional 71 shares during the period. Blue Trust Inc. increased its stake in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after buying an additional 88 shares during the period. Harbor Investment Advisory LLC grew its stake in Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock worth $35,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. grew its stake in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after purchasing an additional 224 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Trading Up 3.7 %

Shares of NASDAQ IBKR traded up $7.92 during mid-day trading on Thursday, hitting $219.17. The company had a trading volume of 2,617,866 shares, compared to its average volume of 1,687,729. The company has a market capitalization of $92.60 billion, a price-to-earnings ratio of 31.04, a P/E/G ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a 1 year low of $88.22 and a 1 year high of $221.09. The stock's 50-day moving average price is $187.43 and its 200-day moving average price is $154.89.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted 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. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm's revenue was up 21.8% on a year-over-year basis. As a group, equities research 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 announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group's payout ratio is 14.16%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Piper Sandler reaffirmed an "overweight" rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, October 4th. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $204.13.

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.