Ibex Wealth Advisors Purchases Shares of 31,148 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Ibex Wealth Advisors acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 31,148 shares of the financial services provider’s stock, valued at approximately $5,503,000.

Several other large investors also recently modified their holdings of IBKR. Donoghue Forlines LLC bought a new position in Interactive Brokers Group during the 4th quarter valued at approximately $2,088,000. Aurora Investment Counsel bought a new position in shares of Interactive Brokers Group during the third quarter valued at $1,693,000. Friedenthal Financial purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $775,000. Union Bancaire Privee UBP SA bought a new position in Interactive Brokers Group in the 4th quarter worth about $3,750,000. Finally, Versor Investments LP purchased a new stake in Interactive Brokers Group during the 3rd quarter valued at about $474,000. 23.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group increased their price target 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. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Citigroup lifted their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Barclays upped their target price 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 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded down $0.75 during midday trading on Wednesday, reaching $207.00. 119,084 shares of the stock traded hands, compared to its average volume of 1,548,309. The stock has a market capitalization of $87.46 billion, a PE ratio of 29.38, a P/E/G ratio of 1.49 and a beta of 0.87. The company’s 50 day moving average is $186.96 and its 200 day moving average is $154.49. Interactive Brokers Group, Inc. has a one year low of $88.22 and a one year high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

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.