Donoghue Forlines LLC Invests $2.09 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Donoghue Forlines LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 11,817 shares of the financial services provider’s stock, valued at approximately $2,088,000. Interactive Brokers Group accounts for 0.7% of Donoghue Forlines LLC’s holdings, making the stock its 20th largest holding.

A number of other institutional investors have also made changes to their positions in the stock. Townsquare Capital LLC lifted its stake in Interactive Brokers Group by 1.2% in the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC raised its stake in Interactive Brokers Group by 0.3% in the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 69 shares during the period. Versant Capital Management Inc lifted its position in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Interactive Brokers Group by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 81 shares during the period. Finally, Uncommon Cents Investing LLC increased its holdings in shares of Interactive Brokers Group by 0.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 17,120 shares of the financial services provider’s stock worth $3,025,000 after acquiring an additional 90 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $208.16 on Thursday. The stock has a market capitalization of $87.95 billion, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $211.14. The stock’s 50-day simple moving average is $184.70 and its 200 day simple moving average is $151.85.

Interactive Brokers Group (NASDAQ:IBKR) last released 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 firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.52 EPS. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IBKR shares. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday. Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. UBS Group upped their price target 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. Citigroup increased their price target on 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 lifted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.25.

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.