C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 6,365 shares of the financial services provider’s stock, valued at approximately $1,125,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC purchased a new stake in Interactive Brokers Group in the second quarter valued at about $250,000. Ritholtz Wealth Management acquired a new position in shares of Interactive Brokers Group during the third quarter valued at about $263,000. Creative Planning raised its position in shares of Interactive Brokers Group by 5.5% in the 3rd quarter. Creative Planning now owns 8,196 shares of the financial services provider’s stock valued at $1,142,000 after purchasing an additional 428 shares during the last quarter. Sumitomo Life Insurance Co. acquired a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $774,000. Finally, Vontobel Holding Ltd. grew its position in Interactive Brokers Group by 6.1% during the 3rd quarter. Vontobel Holding Ltd. now owns 10,598 shares of the financial services provider’s stock worth $1,477,000 after purchasing an additional 610 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Activity

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were acquired 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 in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.21% of the company’s stock.

Interactive Brokers Group Trading Up 2.0 %

Interactive Brokers Group stock opened at $234.85 on Friday. The firm has a market cap of $99.23 billion, a PE ratio of 33.26, a P/E/G ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 12 month low of $100.79 and a 12 month high of $235.86. The stock’s 50 day simple moving average is $195.44 and its two-hundred day simple moving average is $162.67.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.52 earnings per share. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 14.16%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods raised 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 report on Monday, January 13th. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group boosted their price target on 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 Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

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.