New Millennium Group LLC Buys Shares of 13,129 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New Millennium Group LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,129 shares of the financial services provider's stock, valued at approximately $2,319,000. Interactive Brokers Group makes up about 1.4% of New Millennium Group LLC's holdings, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IBKR. AQR Capital Management LLC acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter worth $250,000. Creative Planning grew its holdings in shares of Interactive Brokers Group by 12.2% during the 2nd quarter. Creative Planning now owns 7,768 shares of the financial services provider's stock worth $952,000 after purchasing an additional 845 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Interactive Brokers Group by 37.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,532 shares of the financial services provider's stock worth $188,000 after purchasing an additional 420 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Interactive Brokers Group by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 42,307 shares of the financial services provider's stock worth $5,187,000 after purchasing an additional 259 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the 2nd quarter worth $2,364,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

IBKR has been the topic of several analyst reports. Keefe, Bruyette & Woods increased their target price 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. 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. Citigroup raised their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Barclays raised their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $204.13.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded up $6.57 during mid-day trading on Monday, reaching $224.01. The stock had a trading volume of 1,252,369 shares, compared to its average volume of 1,664,198. Interactive Brokers Group, Inc. has a fifty-two week low of $92.61 and a fifty-two week high of $224.75. The stock's 50-day simple moving average is $188.49 and its 200-day simple moving average is $156.44. The firm has a market capitalization of $94.65 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Interactive Brokers Group's payout ratio is 14.16%.

About Interactive Brokers Group

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.