S&CO Inc. Acquires 500 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

S&CO Inc. increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 15,875 shares of the financial services provider’s stock after purchasing an additional 500 shares during the period. S&CO Inc.’s holdings in Interactive Brokers Group were worth $2,804,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of IBKR. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the fourth quarter valued at $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $28,000. Versant Capital Management Inc increased its stake in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $33,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $167.16 on Tuesday. The firm has a fifty day moving average price of $205.65 and a two-hundred day moving average price of $174.23. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The company has a market cap of $70.63 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm earned $1.52 EPS. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.60%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods raised their price objective 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. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One equities 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 company presently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Insider Activity

In related news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate 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.