New Age Alpha Advisors LLC Buys Shares of 61,628 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New Age Alpha Advisors LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,628 shares of the financial services provider’s stock, valued at approximately $10,888,000.

Other hedge funds have also modified their holdings of the company. Donoghue Forlines LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth approximately $2,088,000. Union Bancaire Privee UBP SA purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth $3,750,000. Friedenthal Financial acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $775,000. New Millennium Group LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $2,319,000. Finally, Caldwell Investment Management Ltd. acquired a new position in Interactive Brokers Group in the fourth quarter valued at $1,215,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Down 2.8 %

IBKR opened at $169.00 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53. The company has a fifty day simple moving average of $202.44 and a 200 day simple moving average of $177.78. The stock has a market cap of $71.42 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The firm had revenue of $1.39 billion for 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 was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Interactive Brokers Group’s payout ratio is presently 14.16%.

Insiders Place Their Bets

In other news, Director Jill Bright bought 135 shares of the company’s stock in a transaction on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, 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 purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.99% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their price objective 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. StockNews.com upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods lifted 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 note on Monday, January 13th. Citigroup boosted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus 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.