Kennondale Capital Management LLC Takes $1.26 Million Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Kennondale Capital Management LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,120 shares of the financial services provider’s stock, valued at approximately $1,258,000. Interactive Brokers Group makes up approximately 1.0% of Kennondale Capital Management LLC’s holdings, making the stock its 26th biggest holding.

Several other hedge funds have also recently made changes to their positions in the business. KG&L Capital Management LLC raised its position in shares of Interactive Brokers Group by 2.5% during 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 buying an additional 60 shares in the last quarter. Townsquare Capital LLC grew its holdings in Interactive Brokers Group by 1.2% during 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 during the last quarter. TD Private Client Wealth LLC grew its holdings in Interactive Brokers Group by 0.3% during 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 during the last quarter. Versant Capital Management Inc grew its holdings in 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 valued at $31,000 after purchasing an additional 71 shares during the last quarter. Finally, Lebenthal Global Advisors LLC grew its holdings in Interactive Brokers Group by 1.1% during 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 during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.99% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $174.40 on Tuesday. The firm’s 50 day moving average price is $204.36 and its 200-day moving average price is $175.76. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The company has a market cap of $73.70 billion, a PE ratio of 24.70, a P/E/G ratio of 1.59 and a beta of 0.99.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm earned $1.52 earnings per share. The company’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on IBKR. Keefe, Bruyette & Woods upped 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 upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Barclays upped their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

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.