First Affirmative Financial Network Purchases New Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

First Affirmative Financial Network acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,188 shares of the financial services provider’s stock, valued at approximately $210,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBKR. AQR Capital Management LLC purchased a new stake in Interactive Brokers Group during the second quarter worth $250,000. Creative Planning raised its position in shares of Interactive Brokers Group by 12.2% in the second quarter. Creative Planning now owns 7,768 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 845 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Interactive Brokers Group by 37.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,532 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 420 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Interactive Brokers Group by 0.6% during the 2nd quarter. Cetera Investment Advisers now owns 42,307 shares of the financial services provider’s stock valued at $5,187,000 after acquiring an additional 259 shares during the period. Finally, Sanctuary Advisors LLC purchased a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $2,364,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several research analyst reports. Citigroup upped their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their price objective 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 reaffirmed an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Barclays boosted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods raised their target price on 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 analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $219.17 on Friday. Interactive Brokers Group, Inc. has a 1-year low of $88.22 and a 1-year high of $221.09. The stock has a market cap of $92.60 billion, a P/E ratio of 31.04, a P/E/G ratio of 1.49 and a beta of 0.87. The stock’s 50 day simple moving average is $187.97 and its 200-day simple moving average is $155.34.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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