Ashton Thomas Private Wealth LLC Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Ashton Thomas Private Wealth LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, HoldingsChannel reports. The firm bought 1,939 shares of the financial services provider’s stock, valued at approximately $343,000.

Several other institutional investors have also modified their holdings of IBKR. KG&L Capital Management LLC boosted its position in Interactive Brokers Group by 2.5% during 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 last quarter. Townsquare Capital LLC boosted its position in Interactive Brokers Group by 1.2% during the third quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock worth $760,000 after acquiring an additional 67 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after acquiring an additional 69 shares during the last quarter. Versant Capital Management Inc boosted its position in Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 71 shares during the last quarter. Finally, Lebenthal Global Advisors LLC raised its stake in Interactive Brokers Group by 1.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the purchase, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBKR. Keefe, Bruyette & Woods lifted their target price 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. Barclays lifted 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. Citigroup lifted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. The Goldman Sachs Group lifted 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. Finally, UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $170.34 on Wednesday. The company’s 50 day simple moving average is $205.52 and its 200-day simple moving average is $174.56. The company has a market capitalization of $71.97 billion, a price-to-earnings ratio of 24.13, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly 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 business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.52 EPS. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 14.16%.

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.