Yorktown Management & Research Co Inc Purchases Shares of 3,100 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Yorktown Management & Research Co Inc purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,100 shares of the financial services provider’s stock, valued at approximately $548,000.

A number of other large investors have also modified their holdings of IBKR. AQR Capital Management LLC acquired a new position in shares of Interactive Brokers Group in the second quarter worth about $250,000. Creative Planning raised its position in shares of Interactive Brokers Group by 12.2% in the second quarter. Creative Planning now owns 7,768 shares of the financial services provider’s stock worth $952,000 after acquiring an additional 845 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Interactive Brokers Group by 37.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,532 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 420 shares during the period. Cetera Investment Advisers raised its position in shares of Interactive Brokers Group by 0.6% in the second quarter. Cetera Investment Advisers now owns 42,307 shares of the financial services provider’s stock worth $5,187,000 after acquiring an additional 259 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth about $2,364,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 0.9 %

Shares of NASDAQ IBKR opened at $221.48 on Wednesday. The company has a 50-day moving average of $189.71 and a 200 day moving average of $157.88. Interactive Brokers Group, Inc. has a 12-month low of $92.61 and a 12-month high of $224.96. The stock has a market cap of $93.58 billion, a PE ratio of 31.37, a P/E/G ratio of 1.54 and a beta of 0.89.

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 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 during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the company posted $1.52 EPS. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Barclays upped their price target 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. The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods upped their price target 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. Citigroup upped their price target 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. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Buying and Selling

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