Smartleaf Asset Management LLC Buys 122 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Smartleaf Asset Management LLC lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 34.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 480 shares of the financial services provider’s stock after buying an additional 122 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Interactive Brokers Group were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Cantillon Capital Management LLC raised its stake in shares of Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after buying an additional 18,047 shares during the period. West Michigan Advisors LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $282,000. Williamson Legacy Group LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $313,000. Fisher Asset Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $249,000. Finally, Illumine Investment Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $3,283,000. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on IBKR. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods lifted their target price on 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. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $192.17 on Friday. The stock has a market capitalization of $81.20 billion, a PE ratio of 27.22, a P/E/G ratio of 1.59 and a beta of 0.99. The business has a 50 day simple moving average of $205.88 and a two-hundred day simple moving average of $173.57. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53.

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

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued 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 of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction dated Friday, January 31st. The stock was purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.21% of the company’s stock.

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.