Versant Capital Management Inc Acquires 71 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Versant Capital Management Inc boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 66.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 178 shares of the financial services provider’s stock after acquiring an additional 71 shares during the period. Versant Capital Management Inc’s holdings in Interactive Brokers Group were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC boosted its stake in shares of Interactive Brokers Group by 3.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 14,255 shares of the financial services provider’s stock valued at $1,748,000 after purchasing an additional 486 shares in the last quarter. Natixis Advisors LLC boosted its position in Interactive Brokers Group by 11.8% during the 2nd quarter. Natixis Advisors LLC now owns 20,708 shares of the financial services provider’s stock valued at $2,539,000 after acquiring an additional 2,180 shares in the last quarter. National Bank of Canada FI grew its holdings in shares of Interactive Brokers Group by 13.2% during the 2nd quarter. National Bank of Canada FI now owns 7,612 shares of the financial services provider’s stock worth $963,000 after acquiring an additional 889 shares during the period. Victory Capital Management Inc. raised its position in shares of Interactive Brokers Group by 27.4% in the 2nd quarter. Victory Capital Management Inc. now owns 173,532 shares of the financial services provider’s stock worth $21,275,000 after acquiring an additional 37,288 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Interactive Brokers Group by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 28,484 shares of the financial services provider’s stock valued at $3,492,000 after purchasing an additional 544 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $191.17 on Wednesday. The firm’s 50 day moving average price is $179.21 and its 200-day moving average price is $146.95. Interactive Brokers Group, Inc. has a 52-week low of $83.86 and a 52-week high of $193.42. The company has a market cap of $80.77 billion, a PE ratio of 29.19, a P/E/G ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.03). The business had revenue of $2.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same period last year, the company posted $1.55 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.00 annualized dividend and a yield of 0.52%. Interactive Brokers Group’s payout ratio is 15.27%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Barclays increased their price target on shares of Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a research note on Friday, December 20th. UBS Group upped their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $177.63.

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.