Impact Partnership Wealth LLC Has $646,000 Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Impact Partnership Wealth LLC cut its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 17.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,659 shares of the financial services provider’s stock after selling 773 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Interactive Brokers Group were worth $646,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IBKR. Donoghue Forlines LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $2,088,000. Aurora Investment Counsel acquired a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at about $1,693,000. Friedenthal Financial acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth about $775,000. Versor Investments LP acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $474,000. Finally, Caldwell Investment Management Ltd. bought a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $1,215,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBKR. Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. 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 report on Wednesday. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, UBS Group lifted their price target 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. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $192.25.

Interactive Brokers Group Stock Down 0.6 %

Shares of IBKR opened at $208.55 on Friday. The business has a 50-day simple moving average of $185.31 and a two-hundred day simple moving average of $152.25. Interactive Brokers Group, Inc. has a 12-month low of $88.22 and a 12-month high of $212.84. The stock has a market cap of $88.12 billion, a PE ratio of 29.54, a PEG ratio of 1.49 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating 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 $1,372,590.34 billion. During the same period in the prior year, the firm posted $1.52 EPS. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is 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.