Kennondale Capital Management LLC Takes $1.26 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Kennondale Capital Management LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,120 shares of the financial services provider's stock, valued at approximately $1,258,000. Interactive Brokers Group comprises approximately 1.0% of Kennondale Capital Management LLC's portfolio, making the stock its 26th largest position.

A number of other institutional investors have also recently made changes to their positions in IBKR. Sigma Planning Corp purchased a new stake in Interactive Brokers Group in the third quarter valued at $225,000. Los Angeles Capital Management LLC raised its position in Interactive Brokers Group by 27.7% in the third quarter. Los Angeles Capital Management LLC now owns 3,041 shares of the financial services provider's stock valued at $424,000 after purchasing an additional 660 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Interactive Brokers Group in the third quarter valued at $229,000. Huntington National Bank raised its position in Interactive Brokers Group by 445.5% in the third quarter. Huntington National Bank now owns 420 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 343 shares during the period. Finally, CIBC Asset Management Inc raised its position in Interactive Brokers Group by 3.6% in the third quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider's stock valued at $441,000 after purchasing an additional 110 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company's stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.99% of the stock is owned by corporate insiders.

Analyst Ratings Changes

IBKR has been the topic of a number of research analyst reports. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Piper Sandler restated an "overweight" rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective 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. StockNews.com downgraded Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Monday, March 17th. Finally, UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $204.13.

Interactive Brokers Group Stock Performance

IBKR stock traded down $2.50 during mid-day trading on Friday, reaching $173.36. The company had a trading volume of 3,574,320 shares, compared to its average volume of 1,173,244. The company has a market capitalization of $73.26 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. The firm has a fifty day simple moving average of $203.19 and a 200 day simple moving average of $176.39. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted 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 company had revenue of $1.39 billion for 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%. Interactive Brokers Group's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. As a group, analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 28th. 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.