CIBC Asset Management Inc Has $589,000 Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

CIBC Asset Management Inc grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 3,336 shares of the financial services provider’s stock after purchasing an additional 175 shares during the period. CIBC Asset Management Inc’s holdings in Interactive Brokers Group were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in IBKR. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $25,000. SRH Advisors LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth $28,000. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% during the fourth 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 period. Blue Trust Inc. grew its stake in shares of Interactive Brokers Group by 90.7% during the fourth 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 period. Finally, Harbor Investment Advisory LLC grew its stake in shares of Interactive Brokers Group by 100.0% during the fourth 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 during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jill Bright bought 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBKR. Keefe, Bruyette & Woods lifted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Citigroup lifted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $218.68 on Friday. The firm has a market cap of $92.40 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. The stock’s 50-day moving average is $201.39 and its 200-day moving average is $167.81. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s quarterly 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 earnings per share. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

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