Sowell Financial Services LLC Purchases Shares of 12,543 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sowell Financial Services LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,543 shares of the financial services provider’s stock, valued at approximately $2,216,000.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $120,046,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Interactive Brokers Group during the third quarter worth approximately $83,630,000. Waverton Investment Management Ltd bought a new stake in Interactive Brokers Group during the third quarter worth approximately $26,946,000. Lord Abbett & CO. LLC bought a new stake in Interactive Brokers Group during the third quarter worth approximately $25,085,000. Finally, Bamco Inc. NY boosted its holdings in Interactive Brokers Group by 16.3% during the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after buying an additional 127,640 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of a number of recent analyst reports. Citigroup raised their price objective 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. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, UBS Group raised their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Up 1.3 %

Shares of NASDAQ:IBKR opened at $192.17 on Monday. The firm has a fifty day moving average of $205.88 and a two-hundred day moving average of $173.93. The firm has a market capitalization of $81.20 billion, a P/E ratio of 27.22, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results 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 company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were acquired 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. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.21% of the stock is owned by insiders.

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.