Catalyst Funds Management Pty Ltd Purchases Shares of 19,700 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Catalyst Funds Management Pty Ltd acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 19,700 shares of the financial services provider’s stock, valued at approximately $3,480,000. Interactive Brokers Group accounts for about 0.9% of Catalyst Funds Management Pty Ltd’s holdings, making the stock its 24th biggest position.

Several other hedge funds also recently modified their holdings of the stock. Contravisory Investment Management Inc. acquired a new stake in Interactive Brokers Group in the fourth quarter worth $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $28,000. Versant Capital Management Inc increased its position in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. raised its stake in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $33,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 4.4 %

Interactive Brokers Group stock opened at $168.11 on Friday. The stock has a market cap of $71.04 billion, a P/E ratio of 23.81, a P/E/G ratio of 1.59 and a beta of 0.99. The company’s 50 day moving average price is $204.67 and its two-hundred day moving average price is $174.75. 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 posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the previous year, the firm earned $1.52 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Activity

In related news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.99% of the company’s stock.

Analyst Ratings Changes

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

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.