Harvest Fund Management Co. Ltd Increases Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Harvest Fund Management Co. Ltd increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 233.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,368 shares of the financial services provider’s stock after purchasing an additional 3,759 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Interactive Brokers Group were worth $942,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. KG&L Capital Management LLC increased its holdings in shares of Interactive Brokers Group by 2.5% in the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 60 shares in the last quarter. Townsquare Capital LLC increased its holdings in shares of Interactive Brokers Group by 1.2% in the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after purchasing an additional 67 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Interactive Brokers Group by 0.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Interactive Brokers Group by 66.4% in 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 in the last quarter. Finally, Lebenthal Global Advisors LLC increased its holdings in shares of Interactive Brokers Group by 1.1% in the 4th quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 78 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on IBKR shares. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Monday. Barclays increased their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased 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 note on Monday, January 13th. Citigroup increased 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 note on Friday, January 10th. Finally, 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 note on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $204.13.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $175.86 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The stock has a market capitalization of $74.31 billion, a P/E ratio of 24.91, a P/E/G ratio of 1.59 and a beta of 0.99. The firm’s 50-day moving average is $203.43 and its two-hundred day moving average is $176.08.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly 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 net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the company earned $1.52 EPS. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Interactive Brokers Group’s payout ratio is currently 14.16%.

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.