New Wave Wealth Advisors LLC Reduces Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

New Wave Wealth Advisors LLC reduced its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,317 shares of the financial services provider’s stock after selling 70 shares during the quarter. New Wave Wealth Advisors LLC’s holdings in Interactive Brokers Group were worth $586,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

IBKR has been the topic of several recent research reports. Citigroup increased their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Jefferies Financial Group boosted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. 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 report on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $219.17 on Friday. The firm has a market capitalization of $92.60 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. The company’s fifty day moving average price is $187.97 and its 200-day moving average price is $155.34. Interactive Brokers Group, Inc. has a 1-year low of $88.22 and a 1-year high of $221.09.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The firm 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 company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period last year, the business posted $1.52 earnings per share. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced 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 is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

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.