Waverton Investment Management Ltd Boosts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Waverton Investment Management Ltd increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 201,125 shares of the financial services provider’s stock after acquiring an additional 7,776 shares during the quarter. Waverton Investment Management Ltd’s holdings in Interactive Brokers Group were worth $35,521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Donoghue Forlines LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth approximately $2,088,000. Aurora Investment Counsel bought a new position in Interactive Brokers Group in the 3rd quarter worth $1,693,000. Union Bancaire Privee UBP SA purchased a new stake in Interactive Brokers Group in the 4th quarter worth $3,750,000. New Millennium Group LLC bought a new stake in Interactive Brokers Group during the fourth quarter valued at about $2,319,000. Finally, Friedenthal Financial purchased a new position in shares of Interactive Brokers Group in the fourth quarter valued at about $775,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 3.2 %

Shares of NASDAQ:IBKR opened at $218.68 on Monday. The company has a market cap of $92.40 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The company has a 50-day moving average price of $201.39 and a 200 day moving average price of $168.20.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently declared 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 of this dividend 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 presently 14.16%.

Insiders Place Their Bets

In other news, Director Jill Bright bought 135 shares of the stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on IBKR shares. Citigroup increased their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. The Goldman Sachs Group increased their price objective 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. Barclays lifted 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. Keefe, Bruyette & Woods boosted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Finally, UBS Group raised their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

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.