Williamson Legacy Group LLC Takes $313,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Williamson Legacy Group LLC acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,769 shares of the financial services provider’s stock, valued at approximately $313,000.

Other institutional investors have also made changes to their positions in the company. Donoghue Forlines LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $2,088,000. Aurora Investment Counsel acquired a new stake in shares of Interactive Brokers Group during the third quarter worth $1,693,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $3,750,000. New Millennium Group LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $2,319,000. Finally, Friedenthal Financial acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $775,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on IBKR shares. 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. Piper Sandler reiterated 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. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

IBKR opened at $204.40 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The firm has a market capitalization of $86.36 billion, a PE ratio of 28.95, a PEG ratio of 1.59 and a beta of 0.89. The business’s 50-day simple moving average is $204.34 and its 200 day simple moving average is $170.59.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping 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 prior year, the company posted $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% on a year-over-year basis. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value 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 represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.21% of the company’s stock.

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.