Private Advisor Group LLC Invests $223,000 in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Private Advisor Group LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,688 shares of the financial services provider’s stock, valued at approximately $223,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC boosted its holdings in shares of Interactive Brokers Group by 140.2% during the third quarter. Signaturefd LLC now owns 1,237 shares of the financial services provider’s stock valued at $107,000 after acquiring an additional 722 shares during the period. NBC Securities Inc. bought a new stake in Interactive Brokers Group during the third quarter worth approximately $350,000. Victory Capital Management Inc. grew its holdings in shares of Interactive Brokers Group by 73.0% in the 3rd quarter. Victory Capital Management Inc. now owns 172,038 shares of the financial services provider’s stock worth $14,892,000 after acquiring an additional 72,574 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Interactive Brokers Group by 281.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 68,905 shares of the financial services provider’s stock worth $5,964,000 after purchasing an additional 50,864 shares in the last quarter. Finally, Retirement Systems of Alabama increased its position in shares of Interactive Brokers Group by 0.6% in the third quarter. Retirement Systems of Alabama now owns 133,567 shares of the financial services provider’s stock worth $11,562,000 after acquiring an additional 841 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 2.9 %

IBKR opened at $128.00 on Friday. The stock has a market cap of $53.90 billion, a PE ratio of 21.88, a P/E/G ratio of 1.26 and a beta of 0.81. The stock’s 50 day simple moving average is $115.55 and its 200-day simple moving average is $99.41. Interactive Brokers Group, Inc. has a 1 year low of $72.60 and a 1 year high of $128.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 billion. Equities analysts forecast that Interactive Brokers Group, Inc. will post 6.49 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.25 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 0.78%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 6.84%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Barclays upped their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Bank of America increased their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Citigroup lifted their target price on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Piper Sandler upped their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.00.

Interactive Brokers Group 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.