W.G. Shaheen & Associates DBA Whitney & Co Increases Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

W.G. Shaheen & Associates DBA Whitney & Co raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.4% during the fourth quarter, Holdings Channel reports. The firm owned 54,828 shares of the financial services provider’s stock after buying an additional 1,283 shares during the quarter. W.G. Shaheen & Associates DBA Whitney & Co’s holdings in Interactive Brokers Group were worth $9,686,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Creative Planning increased its position in shares of Interactive Brokers Group by 5.5% during the third quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock valued at $1,142,000 after buying an additional 428 shares during the period. Signaturefd LLC grew its holdings in shares of Interactive Brokers Group by 9.5% during the 3rd quarter. Signaturefd LLC now owns 1,359 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 118 shares during the period. International Assets Investment Management LLC raised its position in shares of Interactive Brokers Group by 13,967.5% in the 3rd quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock worth $20,781,000 after acquiring an additional 148,055 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Interactive Brokers Group by 1,117.7% during the third quarter. Assenagon Asset Management S.A. now owns 108,950 shares of the financial services provider’s stock valued at $15,183,000 after purchasing an additional 100,003 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its holdings in Interactive Brokers Group by 4.0% in the third quarter. Arkadios Wealth Advisors now owns 6,283 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 240 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the stock in a transaction dated 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 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 3.21% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised their price objective 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. UBS Group upped their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays increased their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 3.2 %

IBKR opened at $218.68 on Monday. The stock 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 firm has a 50 day moving average price of $201.39 and a 200-day moving average price of $168.20. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. As a group, analysts expect 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. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is 14.16%.

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.