Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.7% during the 4th quarter, Holdings Channel reports. The fund owned 2,252 shares of the financial services provider’s stock after acquiring an additional 81 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Interactive Brokers Group were worth $398,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in IBKR. Millennium Management LLC raised its holdings in Interactive Brokers Group by 1,292.1% in the second quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after acquiring an additional 1,004,289 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $83,630,000. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Allspring Global Investments Holdings LLC raised its holdings in Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after acquiring an additional 187,010 shares in the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in Interactive Brokers Group in the third quarter valued at approximately $25,085,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 8.8 %

Shares of IBKR opened at $209.78 on Thursday. The firm has a market cap of $88.64 billion, a PE ratio of 32.03, a price-to-earnings-growth ratio of 1.38 and a beta of 0.87. The company’s 50 day simple moving average is $184.70 and its 200-day simple moving average is $151.85. Interactive Brokers Group, Inc. has a 12-month low of $88.22 and a 12-month high of $211.14.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same period last year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 6.99 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed 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 0.48%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IBKR shares. The Goldman Sachs Group raised 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. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday. Citigroup increased their price target 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. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $192.25.

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.