Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 11.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,101 shares of the financial services provider’s stock after purchasing an additional 418 shares during the quarter. SteelPeak Wealth LLC’s holdings in Interactive Brokers Group were worth $725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $25,000. Versant Capital Management Inc raised its holdings in Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 71 shares during the last quarter. Blue Trust Inc. lifted its stake in Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares in the last quarter. Harbor Investment Advisory LLC grew its position in shares of Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Up 3.7 %

NASDAQ:IBKR opened at $219.17 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $221.09. The stock’s fifty day moving average is $187.97 and its two-hundred day moving average is $155.34. The stock has a market capitalization of $92.60 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.49 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

IBKR has been the topic of a number of recent research reports. Piper Sandler reissued an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group 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 report on Friday, January 10th. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. Barclays increased their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of 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. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

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.