Trivest Advisors Ltd Has $32.17 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Trivest Advisors Ltd lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 61.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,080 shares of the financial services provider's stock after buying an additional 69,480 shares during the quarter. Interactive Brokers Group makes up about 1.5% of Trivest Advisors Ltd's portfolio, making the stock its 24th biggest position. Trivest Advisors Ltd's holdings in Interactive Brokers Group were worth $32,168,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $120,046,000. Twin Tree Management LP raised its stake in shares of Interactive Brokers Group by 492.8% during the 4th quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock valued at $40,130,000 after buying an additional 188,827 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $25,085,000. Bamco Inc. NY raised its stake in shares of Interactive Brokers Group by 16.3% during the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider's stock valued at $127,181,000 after buying an additional 127,640 shares during the last quarter. Finally, Progeny 3 Inc. purchased a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $17,699,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded down $2.50 during midday trading on Friday, hitting $173.36. 3,574,320 shares of the company's stock traded hands, compared to its average volume of 1,175,136. The company has a market cap of $73.26 billion, a PE ratio of 24.56, a P/E/G ratio of 1.59 and a beta of 0.99. The firm's fifty day moving average price is $203.19 and its two-hundred day moving average price is $177.09. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53.

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 the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. The company's revenue was up 21.8% on a year-over-year basis. As a group, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. 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 0.58%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IBKR. Piper Sandler restated an "overweight" rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group lifted 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. StockNews.com cut Interactive Brokers Group from a "hold" rating to a "sell" rating in a report on Monday, March 17th. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a report on Tuesday, December 3rd. Finally, Citigroup boosted 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. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $204.13.

Insider Buying and Selling

In other news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.99% of the company's stock.

Interactive Brokers Group Company 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.