Ballentine Partners LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Ballentine Partners LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,449 shares of the financial services provider’s stock, valued at approximately $256,000.

A number of other hedge funds have also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in 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 valued at $31,000 after purchasing an additional 71 shares during the last quarter. Harbor Investment Advisory LLC increased its holdings in shares of Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Smithfield Trust Co raised its stake in shares of Interactive Brokers Group by 80.6% in the third quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 154 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $218.99 on Friday. The stock has a fifty day simple moving average of $186.09 and a two-hundred day simple moving average of $153.10. The firm has a market capitalization of $92.53 billion, a PE ratio of 31.02, a PEG ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1,372,590.34 billion. During the same quarter last year, the business posted $1.52 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on IBKR shares. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. UBS Group increased their price target on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, Barclays lifted their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $192.25.

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.