Ballentine Partners LLC Invests $256,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Ballentine Partners LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,449 shares of the financial services provider’s stock, valued at approximately $256,000.

Other hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its position in shares of Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock valued at $132,655,000 after buying an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in Interactive Brokers Group during the third quarter valued at about $83,630,000. Waverton Investment Management Ltd bought a new position in Interactive Brokers Group during the third quarter worth about $26,946,000. Allspring Global Investments Holdings LLC increased its stake in shares of Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after purchasing an additional 187,010 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $25,085,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Up 5.0 %

NASDAQ:IBKR opened at $218.99 on Friday. The firm has a market capitalization of $92.53 billion, a P/E ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 0.87. The company has a fifty day moving average of $186.09 and a 200 day moving average of $153.10. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.52 earnings per share. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. UBS Group raised their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus price target of $192.25.

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.