Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 7,187 shares of the financial services provider’s stock after buying an additional 78 shares during the period. Lebenthal Global Advisors LLC’s holdings in Interactive Brokers Group were worth $1,270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of IBKR. Dimensional Fund Advisors LP raised its position in Interactive Brokers Group by 10.1% in the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock worth $36,988,000 after acquiring an additional 27,621 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $250,000. Dark Forest Capital Management LP purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $273,000. Nemes Rush Group LLC lifted its stake in shares of Interactive Brokers Group by 181.8% in the second quarter. Nemes Rush Group LLC now owns 1,037 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 669 shares during the period. Finally, Creative Planning boosted its holdings in Interactive Brokers Group by 12.2% during the second quarter. Creative Planning now owns 7,768 shares of the financial services provider’s stock worth $952,000 after buying an additional 845 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $203.87 on Tuesday. The company has a 50-day simple moving average of $186.51 and a 200-day simple moving average of $153.89. The company has a market cap of $86.14 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a 12 month low of $88.22 and a 12 month high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same period in the previous year, the company earned $1.52 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.49%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on IBKR shares. Barclays lifted 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 report on Wednesday, January 22nd. Citigroup upped their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Jefferies Financial Group raised their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday. One investment 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, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Company 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.