Meadow Creek Wealth Advisors LLC Buys Shares of 1,311 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Meadow Creek Wealth Advisors LLC purchased a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,311 shares of the financial services provider’s stock, valued at approximately $232,000.

Several other institutional investors have also made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Interactive Brokers Group during the third quarter valued at $83,630,000. Waverton Investment Management Ltd bought a new stake in shares of Interactive Brokers Group in the 3rd quarter valued at approximately $26,946,000. Allspring Global Investments Holdings LLC increased its holdings in Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Interactive Brokers Group during the third quarter valued at approximately $25,085,000. Finally, International Assets Investment Management LLC lifted its stake in Interactive Brokers Group by 13,967.5% in the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after acquiring an additional 148,055 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright bought 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.21% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $233.45 on Thursday. The company has a market cap of $98.64 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 1.54 and a beta of 0.89. The firm has a fifty day moving average price of $190.55 and a two-hundred day moving average price of $158.41. Interactive Brokers Group, Inc. has a fifty-two week low of $92.61 and a fifty-two week high of $234.65.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Analysts expect that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 0.43%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on IBKR shares. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Citigroup boosted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $204.13.

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.