Donoghue Forlines LLC Invests $2.09 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Donoghue Forlines LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 11,817 shares of the financial services provider’s stock, valued at approximately $2,088,000. Interactive Brokers Group accounts for about 0.7% of Donoghue Forlines LLC’s portfolio, making the stock its 20th biggest position.

A number of other large investors also recently modified their holdings of IBKR. Nisa Investment Advisors LLC grew its position in Interactive Brokers Group by 15.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,477 shares of the financial services provider’s stock valued at $261,000 after buying an additional 195 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in shares of Interactive Brokers Group by 9.2% in the fourth quarter. Atomi Financial Group Inc. now owns 5,722 shares of the financial services provider’s stock valued at $1,011,000 after acquiring an additional 484 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of Interactive Brokers Group by 3.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 8,442 shares of the financial services provider’s stock valued at $1,491,000 after acquiring an additional 311 shares during the period. Mitchell & Pahl Private Wealth LLC raised its holdings in Interactive Brokers Group by 1.5% during the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 7,696 shares of the financial services provider’s stock worth $1,360,000 after purchasing an additional 113 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Interactive Brokers Group in the fourth quarter worth approximately $256,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 0.8 %

Shares of Interactive Brokers Group stock opened at $208.16 on Thursday. Interactive Brokers Group, Inc. has a 1-year low of $88.22 and a 1-year high of $211.14. The firm has a fifty day simple moving average of $184.70 and a 200-day simple moving average of $151.85. The stock has a market capitalization of $87.95 billion, a price-to-earnings ratio of 29.58, a PEG ratio of 1.40 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 0.48%. 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 analysts have recently commented on the company. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group increased 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. Jefferies Financial Group upped their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $192.25.

About Interactive Brokers Group

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.