Navellier & Associates Inc. Acquires 970 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Navellier & Associates Inc. raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 30.2% in the 4th quarter, Holdings Channel reports. The firm owned 4,179 shares of the financial services provider’s stock after purchasing an additional 970 shares during the quarter. Navellier & Associates Inc.’s holdings in Interactive Brokers Group were worth $738,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $25,000. SRH Advisors LLC bought a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $28,000. Versant Capital Management Inc raised its holdings in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased 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 directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBKR. Keefe, Bruyette & Woods lifted their price objective 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. Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Barclays lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group lifted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Finally, The Goldman Sachs Group boosted their target price 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $218.68 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The firm has a market capitalization of $92.40 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.59 and a beta of 0.89. The stock’s 50-day simple moving average is $201.39 and its 200-day simple moving average is $167.81.

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 for the quarter, topping 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 analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

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.