Versant Capital Management Inc Buys 71 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Versant Capital Management Inc lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 66.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 178 shares of the financial services provider’s stock after purchasing an additional 71 shares during the quarter. Versant Capital Management Inc’s holdings in Interactive Brokers Group were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBKR. Townsquare Capital LLC raised its position in shares of Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC increased its stake in Interactive Brokers Group by 0.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after acquiring an additional 69 shares during the last quarter. Prime Capital Investment Advisors LLC raised its holdings in shares of Interactive Brokers Group by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 97 shares in the last quarter. Boston Financial Mangement LLC boosted its position in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Boston Financial Mangement LLC now owns 1,955 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 100 shares during the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in shares of Interactive Brokers Group by 5.6% during the third quarter. First Citizens Bank & Trust Co. now owns 2,007 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 107 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $191.17 on Wednesday. The business has a 50-day moving average of $179.21 and a 200 day moving average of $146.95. The stock has a market capitalization of $80.77 billion, a PE ratio of 29.19, a P/E/G ratio of 1.41 and a beta of 0.87. Interactive Brokers Group, Inc. has a 1-year low of $83.86 and a 1-year high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the prior year, the business posted $1.55 EPS. Analysts anticipate that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s payout ratio is 15.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Barclays raised their target price on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Piper Sandler increased their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday. 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. Finally, Keefe, Bruyette & Woods upped their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.63.

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.