TCW Group Inc. Has $4.40 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

TCW Group Inc. lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 24,896 shares of the financial services provider’s stock after buying an additional 1,515 shares during the period. TCW Group Inc.’s holdings in Interactive Brokers Group were worth $4,398,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group during the fourth quarter worth $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $28,000. Versant Capital Management Inc boosted its position in shares of Interactive Brokers Group by 66.4% during the 4th 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. Blue Trust Inc. grew its stake in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares during the period. Finally, Harbor Investment Advisory LLC increased its position in Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the topic of several recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. UBS Group boosted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays boosted 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. 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 an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.21% of the stock is currently owned by company insiders.

Interactive Brokers Group Price Performance

IBKR opened at $218.68 on Monday. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The company has a market capitalization of $92.40 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 1.59 and a beta of 0.89. The firm’s fifty day moving average price is $201.39 and its two-hundred day moving average price is $168.20.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results 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 net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company earned $1.52 earnings per share. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm 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 is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

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.