2,201 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Purchased by Thrive Wealth Management LLC

Thrive Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,201 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other hedge funds also recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. Rise Advisors LLC acquired a new position in Interactive Brokers Group during the first quarter worth $30,000. Rakuten Securities Inc. purchased a new stake in Interactive Brokers Group in the 4th quarter valued at $34,000. Principal Securities Inc. acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth $40,000. Finally, Kapitalo Investimentos Ltda raised its holdings in shares of Interactive Brokers Group by 278.0% during the 4th quarter. Kapitalo Investimentos Ltda now owns 480 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 353 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays raised their price objective on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Citigroup raised their price target on shares of 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 objective on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Piper Sandler raised their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group upped their price target on Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $124.00.

Interactive Brokers Group Stock Down 0.0 %

NASDAQ:IBKR traded down $0.01 during trading hours on Thursday, reaching $122.99. 542,241 shares of the stock were exchanged, compared to its average volume of 1,042,686. Interactive Brokers Group, Inc. has a twelve month low of $72.60 and a twelve month high of $129.19. The business has a 50-day moving average of $121.62 and a two-hundred day moving average of $106.53. The company has a market capitalization of $51.79 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 1.22 and a beta of 0.82.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. The company had revenue of $1.20 billion during 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, research analysts forecast that Interactive Brokers Group, Inc. will post 6.59 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. Interactive Brokers Group’s dividend payout ratio is 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.