R Squared Ltd Purchases Shares of 910 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

R Squared Ltd acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 910 shares of the financial services provider’s stock, valued at approximately $161,000.

Several other hedge funds also recently modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group in the fourth quarter valued at approximately $25,000. Versant Capital Management Inc boosted its holdings in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Interactive Brokers Group by 90.7% in the fourth 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 in the last quarter. Harbor Investment Advisory LLC grew its stake in shares of Interactive Brokers Group by 100.0% in the fourth 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. Finally, UMB Bank n.a. raised its position in Interactive Brokers Group by 350.0% during the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 224 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on IBKR. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Citigroup boosted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Finally, Barclays raised their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $211.25 on Thursday. The firm has a market cap of $89.26 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 1.49 and a beta of 0.87. The stock’s fifty day moving average price is $187.43 and its two-hundred day moving average price is $154.89. Interactive Brokers Group, Inc. has a one year low of $88.22 and a one year high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last released 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 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 the consensus estimate of $1.37 billion. During the same period in the prior year, the company posted $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Interactive Brokers Group’s payout ratio is 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.