Baker Tilly Wealth Management LLC Boosts Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Baker Tilly Wealth Management LLC boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 14.0% in the fourth quarter, HoldingsChannel reports. The fund owned 8,754 shares of the financial services provider’s stock after purchasing an additional 1,077 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Interactive Brokers Group were worth $726,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in Interactive Brokers Group during the 4th quarter valued at approximately $97,717,000. FMR LLC increased its stake in Interactive Brokers Group by 211.7% during the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after purchasing an additional 1,204,573 shares in the last quarter. Marshall Wace LLP increased its stake in Interactive Brokers Group by 34.0% during the 2nd quarter. Marshall Wace LLP now owns 2,447,539 shares of the financial services provider’s stock valued at $203,317,000 after purchasing an additional 620,796 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Interactive Brokers Group by 7.0% in the third quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock worth $577,435,000 after acquiring an additional 592,266 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Interactive Brokers Group by 234.6% in the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after acquiring an additional 397,729 shares during the period. Hedge funds and other institutional investors own 21.56% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $108.80 on Thursday. The company’s fifty day moving average price is $99.98 and its 200 day moving average price is $89.68. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $112.50. The company has a market capitalization of $45.81 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same period last year, the company posted $1.30 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 6.07 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date was Thursday, February 29th. Interactive Brokers Group’s payout ratio is 7.07%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Redburn Atlantic assumed coverage on shares of Interactive Brokers Group in a research note on Friday, December 1st. They issued a “buy” rating and a $100.00 price objective on the stock. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. Finally, UBS Group cut their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.38.

Read Our Latest Stock Analysis on Interactive Brokers Group

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now directly owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Aj Frank sold 13,189 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $86.13, for a total transaction of $1,135,968.57. Following the transaction, the insider now directly owns 630,023 shares in the company, valued at $54,263,880.99. The disclosure for this sale can be found here. Insiders have sold a total of 520,027 shares of company stock valued at $48,369,714 over the last ninety days. Corporate insiders own 3.21% of the company’s stock.

Interactive Brokers Group Profile

(Free Report)

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.

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Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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