Farther Finance Advisors LLC Purchases 224 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Farther Finance Advisors LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 27.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,034 shares of the financial services provider’s stock after acquiring an additional 224 shares during the quarter. Farther Finance Advisors LLC’s holdings in Interactive Brokers Group were worth $183,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IBKR. Oppenheimer & Co. Inc. bought a new position in Interactive Brokers Group in the 3rd quarter valued at about $229,000. CIBC Asset Management Inc raised its holdings in Interactive Brokers Group by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider’s stock valued at $441,000 after acquiring an additional 110 shares during the period. Quest Partners LLC bought a new position in Interactive Brokers Group in the 3rd quarter valued at about $751,000. Pathstone Holdings LLC raised its holdings in Interactive Brokers Group by 7.0% in the 3rd quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider’s stock valued at $1,721,000 after acquiring an additional 811 shares during the period. Finally, Caprock Group LLC raised its holdings in Interactive Brokers Group by 6.7% in the 3rd quarter. Caprock Group LLC now owns 2,014 shares of the financial services provider’s stock valued at $281,000 after acquiring an additional 127 shares during the period. 23.80% of the stock is owned by institutional investors.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the business’s stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 2.99% of the company’s stock.

Interactive Brokers Group Trading Up 3.2 %

NASDAQ IBKR opened at $178.15 on Thursday. The firm has a market capitalization of $75.28 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 1.59 and a beta of 0.99. The firm’s 50 day simple moving average is $203.73 and its 200 day simple moving average is $176.08. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53.

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 (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IBKR. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Monday. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Barclays increased their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Citigroup increased 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

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.