Vestmark Advisory Solutions Inc. Purchases 1,596 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 39,309 shares of the financial services provider’s stock after buying an additional 1,596 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Interactive Brokers Group were worth $6,945,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. KG&L Capital Management LLC increased its stake in shares of Interactive Brokers Group by 2.5% in the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 60 shares during the period. Townsquare Capital LLC boosted its stake 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 worth $760,000 after purchasing an additional 67 shares during the last quarter. TD Private Client Wealth LLC grew its stake 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 acquiring an additional 69 shares in the last quarter. Versant Capital Management Inc grew 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 purchasing an additional 71 shares in the last quarter. Finally, Lebenthal Global Advisors LLC grew its holdings in Interactive Brokers Group by 1.1% in 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 buying an additional 78 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $196.69 on Thursday. The firm has a market capitalization of $83.11 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The firm’s 50-day moving average is $205.12 and its two-hundred day moving average is $172.43.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $1.52 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. Analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.51%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IBKR. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler reiterated 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, January 22nd. UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a report on Monday, January 27th. Citigroup upped their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group boosted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $204.13.

Insider Buying and Selling

In other news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents 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 the SEC website. 3.21% of the stock is currently owned by insiders.

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.