Park Capital Management LLC WI Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Park Capital Management LLC WI purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,177 shares of the financial services provider's stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Interactive Brokers Group in the fourth quarter worth approximately $1,125,000. Retirement Guys Formula LLC purchased a new stake in Interactive Brokers Group in the fourth quarter worth $232,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $28,000. Empowered Funds LLC raised its position in shares of Interactive Brokers Group by 2,375.6% in the 4th quarter. Empowered Funds LLC now owns 37,975 shares of the financial services provider's stock worth $6,709,000 after acquiring an additional 36,441 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its holdings in Interactive Brokers Group by 103.0% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 337 shares of the financial services provider's stock worth $60,000 after purchasing an additional 171 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR traded down $0.73 during mid-day trading on Friday, reaching $234.12. 1,672,620 shares of the company's stock traded hands, compared to its average volume of 1,813,609. Interactive Brokers Group, Inc. has a 12 month low of $101.36 and a 12 month high of $236.53. The stock has a market cap of $98.92 billion, a P/E ratio of 33.16, a P/E/G ratio of 1.62 and a beta of 0.89. The stock's 50-day moving average is $196.38 and its two-hundred day moving average is $163.78.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.81 by $0.22. The business 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%. The business's revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.52 earnings per share. Research analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 0.43%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the company's stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.21% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. UBS Group lifted their price target 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 issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average 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.