Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 430 shares of the financial services provider’s stock after buying an additional 170 shares during the period. SRS Capital Advisors Inc.’s holdings in Interactive Brokers Group were worth $76,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in IBKR. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at $83,630,000. Waverton Investment Management Ltd purchased a new stake in Interactive Brokers Group during the 3rd quarter worth about $26,946,000. Lord Abbett & CO. LLC purchased a new stake in Interactive Brokers Group during the 3rd quarter worth about $25,085,000. Bamco Inc. NY boosted its stake in shares of Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after buying an additional 127,640 shares during the period. Finally, Progeny 3 Inc. purchased a new position in shares of Interactive Brokers Group in the 3rd quarter valued at about $17,699,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of recent research reports. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group raised 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. The Goldman Sachs Group boosted 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. Citigroup raised 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, Barclays upped 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. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $189.70 on Friday. The stock’s 50-day moving average is $205.45 and its two-hundred day moving average is $172.60. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The firm has a market cap of $80.15 billion, a price-to-earnings ratio of 26.87, a PEG ratio of 1.59 and a beta of 0.89.

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

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 dividend yield of 0.53%. Interactive Brokers Group’s payout ratio is 14.16%.

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.