M&T Bank Corp Has $2.19 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

M&T Bank Corp increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,390 shares of the financial services provider’s stock after buying an additional 1,088 shares during the quarter. M&T Bank Corp’s holdings in Interactive Brokers Group were worth $2,189,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $28,000. Versant Capital Management Inc boosted its holdings in shares of 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 buying an additional 71 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares during the last quarter. Finally, 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 valued at $35,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the subject of several recent analyst reports. The Goldman Sachs Group increased 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. Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Keefe, Bruyette & Woods raised their price target 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. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Price Performance

IBKR stock opened at $192.17 on Monday. The stock has a market capitalization of $81.20 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 1.59 and a beta of 0.99. The business’s fifty day moving average price is $205.88 and its two-hundred day moving average price is $173.93. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data 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. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 EPS. Research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade 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 through this link. Company 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.