CENTRAL TRUST Co Purchases 737 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

CENTRAL TRUST Co grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,981 shares of the financial services provider’s stock after purchasing an additional 737 shares during the quarter. CENTRAL TRUST Co’s holdings in Interactive Brokers Group were worth $1,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in Interactive Brokers Group in the 2nd quarter worth $250,000. Creative Planning grew its position in shares of Interactive Brokers Group by 12.2% during the second 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. raised its stake in 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 valued at $188,000 after purchasing an additional 420 shares during the period. Cetera Investment Advisers lifted its holdings in Interactive Brokers Group by 0.6% in 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 bought a new position in Interactive Brokers Group in the 2nd quarter worth approximately $2,364,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $223.48 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $92.61 and a 1-year high of $224.96. The company’s 50-day moving average is $189.14 and its 200 day moving average is $157.17. The firm has a market capitalization of $94.42 billion, a P/E ratio of 31.65, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion during 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 quarterly revenue was up 21.8% compared to the same quarter last year. During the same period last year, the company earned $1.52 EPS. Research 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. Stockholders of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted 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. Barclays increased their price target 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. 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 research note on Monday, January 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. 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.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $204.13.

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.