Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Raised by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,807 shares of the financial services provider’s stock after acquiring an additional 386 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Interactive Brokers Group were worth $1,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Donoghue Forlines LLC bought a new stake in Interactive Brokers Group during the fourth quarter worth approximately $2,088,000. Union Bancaire Privee UBP SA acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $3,750,000. Friedenthal Financial acquired a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $775,000. New Millennium Group LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth $2,319,000. Finally, Caldwell Investment Management Ltd. acquired a new position in shares of Interactive Brokers Group in the 4th quarter worth $1,215,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on IBKR shares. The Goldman Sachs Group increased their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods boosted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Barclays raised their price objective 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. Finally, StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Two research analysts have 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.99% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Down 2.5 %

IBKR stock opened at $164.72 on Monday. The company has a 50 day moving average of $201.93 and a two-hundred day moving average of $178.85. The company has a market cap of $69.61 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company earned $1.52 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. 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.