Stratos Investment Management LLC Purchases New Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Stratos Investment Management LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,275 shares of the financial services provider’s stock, valued at approximately $225,000.

Other hedge funds have also bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group in the 4th quarter valued at $25,000. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% in the 4th 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 during the period. Blue Trust Inc. boosted its holdings in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Harbor Investment Advisory LLC boosted its holdings in Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 100 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in 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 worth $40,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $233.45 on Thursday. Interactive Brokers Group, Inc. has a one year low of $92.61 and a one year high of $234.65. The business’s fifty day moving average is $190.55 and its 200-day moving average is $158.41. The stock has a market capitalization of $98.64 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last announced 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 return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the business posted $1.52 EPS. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. Research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed 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 dividend payout ratio is currently 14.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods lifted their price objective on shares of 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 lifted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. UBS Group lifted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group lifted their price objective 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 investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of Interactive Brokers Group 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 acquisition, the director now directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available 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.