SBI Securities Co. Ltd. Purchases Shares of 328 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

SBI Securities Co. Ltd. acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 328 shares of the financial services provider’s stock, valued at approximately $58,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. KG&L Capital Management LLC boosted its position in Interactive Brokers Group by 2.5% during the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 60 shares during the period. Townsquare Capital LLC boosted 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 during the period. TD Private Client Wealth LLC grew its stake in shares of Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares in the last quarter. Finally, Lebenthal Global Advisors LLC raised its holdings in shares of Interactive Brokers Group by 1.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after buying an additional 78 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the business’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 acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.21% of the stock is owned by insiders.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $167.16 on Tuesday. The firm has a market cap of $70.63 billion, a PE ratio of 23.68, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The firm’s 50-day simple moving average is $205.65 and its 200-day simple moving average is $174.23.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s quarterly revenue 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, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 0.60%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Analyst Ratings Changes

Several brokerages have issued reports on IBKR. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group raised their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Company 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.