Capital Market Strategies LLC Invests $212,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Capital Market Strategies LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,200 shares of the financial services provider’s stock, valued at approximately $212,000.

Several other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its position in shares of Interactive Brokers Group by 3.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,255 shares of the financial services provider’s stock worth $1,748,000 after purchasing an additional 486 shares in the last quarter. Natixis Advisors LLC raised its position in shares of Interactive Brokers Group by 11.8% in the 2nd quarter. Natixis Advisors LLC now owns 20,708 shares of the financial services provider’s stock valued at $2,539,000 after purchasing an additional 2,180 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Interactive Brokers Group by 5.0% in the 2nd quarter. CIBC Asset Management Inc now owns 3,051 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 146 shares in the last quarter. National Bank of Canada FI grew its position in Interactive Brokers Group by 13.2% during the 2nd quarter. National Bank of Canada FI now owns 7,612 shares of the financial services provider’s stock worth $963,000 after purchasing an additional 889 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in Interactive Brokers Group by 27.4% during the 2nd quarter. Victory Capital Management Inc. now owns 173,532 shares of the financial services provider’s stock worth $21,275,000 after purchasing an additional 37,288 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock traded up $5.17 during trading on Monday, reaching $188.89. The company had a trading volume of 540,006 shares, compared to its average volume of 932,547. The firm’s 50-day simple moving average is $177.66 and its 200 day simple moving average is $145.96. The firm has a market capitalization of $79.81 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. Interactive Brokers Group, Inc. has a 1-year low of $83.86 and a 1-year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The company had revenue of $2.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $1.55 EPS. Analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is presently 15.27%.

Wall Street Analyst Weigh In

IBKR has been the subject of several research reports. UBS Group lifted their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Piper Sandler restated an “overweight” rating and issued a $163.00 target price on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. Barclays lifted their price target on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group lifted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $173.00.

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.