Whittier Trust Co. Buys 263 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Whittier Trust Co. boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 496.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 316 shares of the financial services provider’s stock after acquiring an additional 263 shares during the period. Whittier Trust Co.’s holdings in Interactive Brokers Group were worth $56,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBKR. Donoghue Forlines LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth $2,088,000. Union Bancaire Privee UBP SA acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $3,750,000. Friedenthal Financial bought a new position in Interactive Brokers Group in the 4th quarter valued at about $775,000. New Millennium Group LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at approximately $2,319,000. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $1,215,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IBKR shares. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. StockNews.com raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Tuesday. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays lifted their target price on 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, Citigroup increased their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Trading Up 3.8 %

Shares of IBKR stock opened at $179.94 on Tuesday. The firm has a market capitalization of $76.04 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.59 and a beta of 0.99. The business’s 50-day moving average price is $203.13 and its 200-day moving average price is $177.47. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping the consensus estimate 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the company earned $1.52 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

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.