Harvest Fund Management Co. Ltd Buys 3,759 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Harvest Fund Management Co. Ltd lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 233.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,368 shares of the financial services provider's stock after buying an additional 3,759 shares during the period. Harvest Fund Management Co. Ltd's holdings in Interactive Brokers Group were worth $942,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at approximately $120,046,000. Twin Tree Management LP raised its stake in Interactive Brokers Group by 492.8% in the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock worth $40,130,000 after buying an additional 188,827 shares in the last quarter. Lord Abbett & CO. LLC purchased a new stake in Interactive Brokers Group in the third quarter worth about $25,085,000. Bamco Inc. NY raised its holdings 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 worth $127,181,000 after purchasing an additional 127,640 shares in the last quarter. Finally, Progeny 3 Inc. purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter worth about $17,699,000. Institutional investors own 23.80% of the company's stock.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research reports. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Piper Sandler reissued an "overweight" rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Finally, StockNews.com raised shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $204.13.

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Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Trading Down 0.3 %

IBKR stock traded down $0.54 on Tuesday, hitting $179.40. The company had a trading volume of 2,050,715 shares, compared to its average volume of 1,177,519. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The stock has a market cap of $75.81 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 1.59 and a beta of 0.99. The stock's 50-day simple moving average is $203.13 and its 200 day simple moving average is $177.47.

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 the consensus estimate of $1.37 billion. During the same period last year, the business posted $1.52 EPS. The company's revenue for the quarter was up 21.8% on a year-over-year basis. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

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.