Yorktown Management & Research Co Inc Acquires New Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Yorktown Management & Research Co Inc acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,100 shares of the financial services provider's stock, valued at approximately $548,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $25,000. Versant Capital Management Inc raised its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. lifted its stake in Interactive Brokers Group by 90.7% during the fourth 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 last quarter. Harbor Investment Advisory LLC boosted its holdings in shares of Interactive Brokers Group by 100.0% in 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 in the last quarter. Finally, UMB Bank n.a. increased its position in shares of Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock valued at $40,000 after purchasing an additional 224 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 1.3 %

Shares of IBKR traded up $2.91 during mid-day trading on Friday, hitting $231.14. 2,005,227 shares of the company's stock traded hands, compared to its average volume of 1,813,609. The firm has a market capitalization of $97.66 billion, a P/E ratio of 32.74, a PEG ratio of 1.62 and a beta of 0.89. The business's 50-day moving average price is $192.09 and its 200-day moving average price is $159.65. Interactive Brokers Group, Inc. has a 1 year low of $94.45 and a 1 year high of $235.29.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm earned $1.52 EPS. The company's quarterly revenue was up 21.8% compared to the same quarter last year. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group's payout ratio is currently 14.16%.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research reports. Piper Sandler reaffirmed an "overweight" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price 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. UBS Group lifted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Barclays increased 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, Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.13.

Insiders Place Their Bets

In other news, Director Jill Bright acquired 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.21% of the stock is currently owned by company insiders.

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.