HighPoint Advisor Group LLC Acquires New Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

HighPoint Advisor Group LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,157 shares of the financial services provider’s stock, valued at approximately $345,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBKR. Toroso Investments LLC grew its position in Interactive Brokers Group by 1.1% during the 3rd quarter. Toroso Investments LLC now owns 11,702 shares of the financial services provider’s stock worth $1,013,000 after acquiring an additional 133 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock valued at $62,000 after buying an additional 135 shares during the period. Yousif Capital Management LLC raised its holdings in Interactive Brokers Group by 0.3% in the 4th quarter. Yousif Capital Management LLC now owns 49,785 shares of the financial services provider’s stock valued at $4,127,000 after buying an additional 152 shares during the last quarter. Alliance Wealth Advisors LLC UT boosted its position in Interactive Brokers Group by 2.7% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 5,763 shares of the financial services provider’s stock worth $478,000 after buying an additional 153 shares during the period. Finally, KB Financial Partners LLC grew its holdings in Interactive Brokers Group by 0.9% during the 3rd quarter. KB Financial Partners LLC now owns 20,404 shares of the financial services provider’s stock worth $1,766,000 after acquiring an additional 176 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Citigroup lifted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Bank of America upped their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Barclays raised their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, Piper Sandler increased their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $120.25 on Friday. The stock’s 50-day moving average is $120.37 and its 200 day moving average is $105.09. Interactive Brokers Group, Inc. has a one year low of $72.60 and a one year high of $129.19. The firm has a market cap of $50.63 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 1.19 and a beta of 0.82.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.01. The firm had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.59 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.83%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date was Friday, May 31st. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 17.09%.

About Interactive Brokers Group

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.