Cottonwood Capital Advisors LLC Has $630,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cottonwood Capital Advisors LLC raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 94.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,567 shares of the financial services provider’s stock after purchasing an additional 1,732 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Interactive Brokers Group were worth $630,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IBKR. Contravisory Investment Management Inc. acquired a new position in Interactive Brokers Group in the 4th quarter valued at $25,000. Versant Capital Management Inc grew its position in shares of Interactive Brokers Group by 66.4% in the fourth 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 during 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 during the last quarter. UMB Bank n.a. increased its stake 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 worth $40,000 after purchasing an additional 224 shares during the period. Finally, Smithfield Trust Co lifted its position in shares of Interactive Brokers Group by 80.6% during the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on IBKR shares. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup boosted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Jefferies Financial Group increased their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday. Finally, UBS Group upped their price objective 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 analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $192.25.

Interactive Brokers Group Stock Up 5.0 %

Shares of IBKR opened at $218.99 on Friday. The company has a 50-day moving average price of $186.09 and a two-hundred day moving average price of $152.91. The stock has a market cap of $92.53 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a 12 month low of $88.22 and a 12 month high of $220.66.

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 return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same quarter last year, the company earned $1.52 EPS. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.