Flagship Harbor Advisors LLC Purchases 170 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Flagship Harbor Advisors LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 8.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,117 shares of the financial services provider’s stock after acquiring an additional 170 shares during the period. Flagship Harbor Advisors LLC’s holdings in Interactive Brokers Group were worth $374,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IBKR. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth about $83,630,000. Waverton Investment Management Ltd bought a new position in Interactive Brokers Group in the 3rd quarter worth approximately $26,946,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $25,085,000. Finally, International Assets Investment Management LLC grew its stake in shares of Interactive Brokers Group by 13,967.5% in the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock worth $20,781,000 after acquiring an additional 148,055 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on IBKR. The Goldman Sachs Group upped their target price 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. UBS Group upped their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday. Barclays increased their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

View Our Latest Stock Report on Interactive Brokers Group

Interactive Brokers Group Trading Up 1.9 %

NASDAQ IBKR opened at $207.75 on Wednesday. Interactive Brokers Group, Inc. has a 1-year low of $88.22 and a 1-year high of $220.66. The company has a market capitalization of $87.78 billion, a price-to-earnings ratio of 29.43, a PEG ratio of 1.49 and a beta of 0.87. The stock’s 50 day moving average is $186.96 and its two-hundred day moving average is $154.49.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $1.52 EPS. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company 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 0.48%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Interactive Brokers Group Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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