Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Bought by Freedom Day Solutions LLC

Freedom Day Solutions LLC raised its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,084 shares of the financial services provider’s stock after acquiring an additional 279 shares during the period. Freedom Day Solutions LLC’s holdings in Interactive Brokers Group were worth $2,665,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Donoghue Forlines LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $2,088,000. Aurora Investment Counsel acquired a new position in shares of Interactive Brokers Group during the third quarter worth approximately $1,693,000. Union Bancaire Privee UBP SA acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $3,750,000. New Millennium Group LLC acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $2,319,000. Finally, Friedenthal Financial acquired a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $775,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $232.65 on Thursday. The stock has a market capitalization of $98.30 billion, a P/E ratio of 32.95, a P/E/G ratio of 1.65 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1 year low of $102.27 and a 1 year high of $236.53. The business’s fifty day moving average is $199.69 and its two-hundred day moving average is $166.23.

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 (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 earnings per share. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.45 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. Shareholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. 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 dividend payout ratio (DPR) is currently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBKR. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Barclays upped their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup upped their target price 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. Finally, The Goldman Sachs Group upped their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.