Global Retirement Partners LLC Has $1.14 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Global Retirement Partners LLC grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 804.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,455 shares of the financial services provider’s stock after purchasing an additional 5,741 shares during the period. Global Retirement Partners LLC’s holdings in Interactive Brokers Group were worth $1,140,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $1,125,000. Atria Wealth Solutions Inc. acquired a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $248,000. Venturi Wealth Management LLC raised its position in shares of Interactive Brokers Group by 2.7% during the fourth quarter. Venturi Wealth Management LLC now owns 4,497 shares of the financial services provider’s stock valued at $794,000 after buying an additional 120 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Interactive Brokers Group by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 3,336 shares of the financial services provider’s stock valued at $589,000 after buying an additional 175 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D raised its position in shares of Interactive Brokers Group by 5.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 38,583 shares of the financial services provider’s stock valued at $6,816,000 after buying an additional 2,042 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.21% of the company’s stock.

Interactive Brokers Group Trading Down 3.2 %

Shares of Interactive Brokers Group stock opened at $218.68 on Friday. The stock has a market capitalization of $92.40 billion, a price-to-earnings ratio of 30.97, a P/E/G ratio of 1.63 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 price is $201.39 and its two-hundred day moving average price is $167.41.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data 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. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is 14.16%.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group increased their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. UBS Group increased their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods increased 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 report on Monday, January 13th. 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 investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

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.