Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Increased by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 24.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,764 shares of the financial services provider's stock after buying an additional 10,978 shares during the quarter. Interactive Brokers Group comprises 0.4% of Edgestream Partners L.P.'s portfolio, making the stock its 12th largest position. Edgestream Partners L.P.'s holdings in Interactive Brokers Group were worth $9,852,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $28,000. Versant Capital Management Inc raised its position in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares during the period. Blue Trust Inc. raised its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Harbor Investment Advisory LLC raised its position in shares of Interactive Brokers Group by 100.0% during the 4th 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. Institutional investors and hedge funds own 23.80% of the company's stock.

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Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the business's stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company's stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on IBKR shares. Piper Sandler reiterated an "overweight" rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.13.

Interactive Brokers Group Stock Up 1.3 %

NASDAQ IBKR traded up $2.47 on Friday, reaching $192.17. 3,297,235 shares of the stock traded hands, compared to its average volume of 2,023,756. The firm's fifty day simple moving average is $205.88 and its 200 day simple moving average is $173.57. The company has a market cap of $81.20 billion, a price-to-earnings ratio of 27.22, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The firm 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 period last year, the company posted $1.52 EPS. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group's 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.