West Michigan Advisors LLC Purchases Shares of 1,596 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

West Michigan Advisors LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,596 shares of the financial services provider’s stock, valued at approximately $282,000.

Other hedge funds have also modified their holdings of the company. Williamson Legacy Group LLC purchased a new stake in Interactive Brokers Group during the fourth quarter valued at $313,000. Fisher Asset Management LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $249,000. Illumine Investment Management LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $3,283,000. Hosking Partners LLP raised its position in shares of Interactive Brokers Group by 3.7% during the 4th quarter. Hosking Partners LLP now owns 284,738 shares of the financial services provider’s stock valued at $50,305,000 after buying an additional 10,208 shares in the last quarter. Finally, Verus Capital Partners LLC bought a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $470,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 0.4 %

Shares of NASDAQ:IBKR opened at $204.40 on Friday. The firm has a 50 day moving average of $204.34 and a 200 day moving average of $170.96. The company has a market capitalization of $86.36 billion, a price-to-earnings ratio of 28.95, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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. 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 period in the prior year, the business posted $1.52 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company 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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group boosted 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. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, 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 report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group 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 cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 3.21% 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.