Brown Brothers Harriman & Co. Purchases 386 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Brown Brothers Harriman & Co. lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,807 shares of the financial services provider’s stock after purchasing an additional 386 shares during the period. Brown Brothers Harriman & Co.’s holdings in Interactive Brokers Group were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the fourth quarter valued at about $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth about $28,000. Versant Capital Management Inc lifted its position in shares of 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 worth $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. boosted its stake in Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $33,000. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on IBKR shares. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays increased their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 2.5 %

NASDAQ IBKR opened at $164.72 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The stock has a market cap of $69.61 billion, a P/E ratio of 23.33, a PEG ratio of 1.59 and a beta of 0.99. The company’s 50-day simple moving average is $201.93 and its 200 day simple moving average is $178.85.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 EPS. Research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. Interactive Brokers Group’s payout ratio is presently 14.16%.

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.