NewEdge Wealth LLC Purchases 1,563 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

NewEdge Wealth LLC grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,367 shares of the financial services provider’s stock after purchasing an additional 1,563 shares during the period. NewEdge Wealth LLC’s holdings in Interactive Brokers Group were worth $6,955,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after purchasing an additional 11,379 shares during the period. State Street Corp grew its stake in shares of Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Geode Capital Management LLC grew its stake in shares of Interactive Brokers Group by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares during the period. FMR LLC grew its stake in shares of Interactive Brokers Group by 12.2% in the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock valued at $152,543,000 after purchasing an additional 119,187 shares during the period. Finally, Bamco Inc. NY boosted its holdings in shares of Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after acquiring an additional 127,640 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IBKR has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Barclays upped their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Citigroup upped their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $203.50 on Friday. The firm has a fifty day moving average of $203.77 and a two-hundred day moving average of $169.99. The stock has a market capitalization of $85.98 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company earned $1.52 EPS. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the stock in a transaction on 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 in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.21% of the stock is owned by corporate insiders.

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.