Interactive Brokers Group, Inc. (NASDAQ:IBKR) Position Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 14.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,800 shares of the financial services provider’s stock after purchasing an additional 1,132 shares during the period. Corient Private Wealth LLC’s holdings in Interactive Brokers Group were worth $1,555,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IBKR. Natixis Advisors LLC raised its position in shares of Interactive Brokers Group by 12.6% during the 4th quarter. Natixis Advisors LLC now owns 21,203 shares of the financial services provider’s stock valued at $3,746,000 after acquiring an additional 2,369 shares in the last quarter. Catalyst Funds Management Pty Ltd bought a new position in shares of Interactive Brokers Group in the 4th quarter worth about $3,480,000. Picton Mahoney Asset Management acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $534,000. Midwest Professional Planners LTD. bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $223,000. Finally, Left Brain Wealth Management LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $271,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Citigroup upped their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday. UBS Group boosted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods increased 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. Finally, The Goldman Sachs Group boosted 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. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Trading Down 0.3 %

Shares of NASDAQ:IBKR opened at $179.40 on Wednesday. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The firm has a market cap of $75.81 billion, a P/E ratio of 25.41, a P/E/G ratio of 1.59 and a beta of 0.99. The company has a 50 day moving average of $203.06 and a 200-day moving average of $177.87.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results 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 firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $1.52 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Insider Activity

In other news, Director Jill Bright acquired 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group 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.