Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Boosted by Freedom Day Solutions LLC

Freedom Day Solutions LLC increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.9% in the fourth quarter, HoldingsChannel reports. The firm owned 15,084 shares of the financial services provider’s stock after purchasing an additional 279 shares during the period. Freedom Day Solutions LLC’s holdings in Interactive Brokers Group were worth $2,665,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. KG&L Capital Management LLC boosted its holdings in Interactive Brokers Group by 2.5% in the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after purchasing an additional 60 shares in the last quarter. Townsquare Capital LLC boosted its holdings in Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after purchasing an additional 67 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc boosted its holdings in 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 worth $31,000 after purchasing an additional 71 shares in the last quarter. Finally, Lebenthal Global Advisors LLC boosted its holdings in Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 78 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Down 1.2 %

Interactive Brokers Group stock opened at $232.65 on Thursday. The business has a 50 day moving average price of $199.69 and a two-hundred day moving average price of $166.23. Interactive Brokers Group, Inc. has a 12 month low of $102.27 and a 12 month high of $236.53. The stock has a market cap of $98.30 billion, a price-to-earnings ratio of 32.95, a price-to-earnings-growth ratio of 1.65 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm earned $1.52 EPS. Interactive Brokers Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, analysts expect that Interactive Brokers Group, Inc. will post 7.45 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBKR shares. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. UBS Group upped their price target 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. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Citigroup upped their price target 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.21% of the stock is owned by insiders.

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.