Wulff Hansen & CO. Boosts Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wulff Hansen & CO. boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 40.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,100 shares of the financial services provider’s stock after purchasing an additional 605 shares during the quarter. Wulff Hansen & CO.’s holdings in Interactive Brokers Group were worth $371,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBKR. Oppenheimer & Co. Inc. purchased a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $229,000. Huntington National Bank raised its position in shares of Interactive Brokers Group by 445.5% during the 3rd quarter. Huntington National Bank now owns 420 shares of the financial services provider’s stock valued at $59,000 after buying an additional 343 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Interactive Brokers Group by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider’s stock valued at $441,000 after buying an additional 110 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at $751,000. Finally, Pathstone Holdings LLC raised its position in shares of Interactive Brokers Group by 7.0% during the 3rd quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider’s stock valued at $1,721,000 after buying an additional 811 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBKR has been the topic of several research reports. Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Down 1.0 %

Shares of Interactive Brokers Group stock opened at $172.69 on Wednesday. The firm has a market cap of $72.97 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The company’s fifty day simple moving average is $203.99 and its two-hundred day simple moving average is $176.07.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s revenue was up 21.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. As a group, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Insiders Place Their Bets

In related news, Director Jill Bright bought 135 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.99% of the company’s stock.

About Interactive Brokers Group

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.