Dynamic Technology Lab Private Ltd Grows Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dynamic Technology Lab Private Ltd raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,301 shares of the financial services provider’s stock after buying an additional 93 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Interactive Brokers Group were worth $760,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $25,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth $28,000. Versant Capital Management Inc grew its stake in 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 during the period. Blue Trust Inc. raised its stake in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $33,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on IBKR shares. UBS Group raised their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. StockNews.com lowered Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has an average rating of “Moderate Buy” and an average price target of $203.50.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $146.08 on Monday. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The business’s fifty day moving average is $197.90 and its 200 day moving average is $180.09. The firm has a market cap of $61.73 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results 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. 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 analysts’ expectations of $1.37 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis. Equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the stock in a transaction on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.99% of the company’s stock.

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.