SRH Advisors LLC Purchases Shares of 160 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 160 shares of the financial services provider’s stock, valued at approximately $28,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $25,000. Versant Capital Management Inc raised 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 purchasing an additional 71 shares during the last quarter. Blue Trust Inc. boosted its stake in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Interactive Brokers Group by 100.0% during the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 100 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on IBKR shares. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. UBS Group upped 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. The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Citigroup boosted 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 report on Friday, January 10th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One 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, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $221.47 on Wednesday. The firm’s 50 day moving average price is $193.60 and its two-hundred day moving average price is $161.69. Interactive Brokers Group, Inc. has a 52-week low of $97.75 and a 52-week high of $235.29. The stock has a market cap of $93.58 billion, a PE ratio of 31.37, a PEG ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results 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 analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same period last year, the company earned $1.52 EPS. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.45%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.21% of the stock is currently 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.