C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 6,365 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm bought 6,365 shares of the financial services provider’s stock, valued at approximately $1,125,000.

Several other institutional investors and hedge funds have also made changes to their positions in IBKR. Retirement Guys Formula LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $232,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group during the fourth quarter worth about $28,000. Empowered Funds LLC raised its stake in Interactive Brokers Group by 2,375.6% during the fourth quarter. Empowered Funds LLC now owns 37,975 shares of the financial services provider’s stock worth $6,709,000 after purchasing an additional 36,441 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of Interactive Brokers Group by 103.0% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 337 shares of the financial services provider’s stock valued at $60,000 after buying an additional 171 shares during the period. Finally, Lecap Asset Management Ltd. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at approximately $711,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IBKR shares. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays upped their price target 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, The Goldman Sachs Group boosted 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. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Trading Up 2.0 %

Shares of IBKR opened at $234.85 on Friday. The firm has a market capitalization of $99.23 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 1.62 and a beta of 0.89. The firm’s fifty day simple moving average is $195.44 and its 200-day simple moving average is $162.67. Interactive Brokers Group, Inc. has a twelve month low of $100.79 and a twelve month high of $235.86.

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 analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for 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%. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $1.52 earnings per share. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share 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 paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.21% of the stock is currently owned by corporate insiders.

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.