Impact Capital Partners LLC Acquires Shares of 5,290 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Impact Capital Partners LLC acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,290 shares of the financial services provider’s stock, valued at approximately $935,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares during the period. Cantillon Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after acquiring an additional 18,047 shares during the period. State Street Corp raised its holdings in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after acquiring an additional 52,911 shares during the period. Geode Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after acquiring an additional 106,392 shares during the period. Finally, FMR LLC raised its holdings in shares of Interactive Brokers Group by 12.2% during the 3rd quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after acquiring an additional 119,187 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of 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 purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on IBKR shares. Citigroup lifted their price target 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 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Barclays raised their price objective 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. Finally, UBS Group raised their price objective 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. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $171.14 on Thursday. The company has a market cap of $72.32 billion, a P/E ratio of 24.24, a P/E/G ratio of 1.59 and a beta of 0.99. The stock has a 50-day moving average of $205.41 and a two-hundred day moving average of $174.54. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal 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 given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

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.