Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,407 shares of the financial services provider’s stock after purchasing an additional 165 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in Interactive Brokers Group were worth $2,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBKR. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 11,379 shares during the period. Cantillon Capital Management LLC raised its position in Interactive Brokers Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after acquiring an additional 18,047 shares during the period. State Street Corp lifted its holdings in Interactive Brokers Group by 1.7% during the third 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 in the last quarter. Geode Capital Management LLC boosted its holdings in 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 worth $287,921,000 after buying an additional 106,392 shares during the last quarter. Finally, FMR LLC increased its position in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after purchasing an additional 119,187 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their target price 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. StockNews.com cut Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group upped their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Finally, Citigroup lifted 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 report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Trading Down 1.3 %

Interactive Brokers Group stock opened at $175.86 on Friday. The stock has a market cap of $74.31 billion, a PE ratio of 24.91, a P/E/G ratio of 1.59 and a beta of 0.99. The stock has a 50-day moving average price of $203.43 and a 200 day moving average price of $176.08. 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 (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 earnings per share. On average, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given 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 0.57%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is owned by 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.