Nemes Rush Group LLC Boosts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Nemes Rush Group LLC lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 258.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,320 shares of the financial services provider’s stock after buying an additional 952 shares during the period. Nemes Rush Group LLC’s holdings in Interactive Brokers Group were worth $233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in IBKR. Donoghue Forlines LLC purchased a new position in Interactive Brokers Group during the fourth quarter valued at $2,088,000. Union Bancaire Privee UBP SA acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth about $3,750,000. Friedenthal Financial purchased a new position in Interactive Brokers Group in the 4th quarter valued at about $775,000. New Millennium Group LLC acquired a new stake in Interactive Brokers Group in the 4th quarter worth about $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $1,215,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now directly 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 legal filing with the Securities & Exchange Commission, which is available at this link. 2.99% of the stock is owned by insiders.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $173.08 on Wednesday. The company’s 50-day moving average is $201.05 and its two-hundred day moving average is $179.46. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The firm has a market capitalization of $73.14 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.52 earnings per share. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Analysts Set New Price Targets

IBKR has been the topic of several research reports. Keefe, Bruyette & Woods raised their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. UBS Group upped their target price 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. Citigroup raised their price target 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. Finally, Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.