Waverton Investment Management Ltd Increases Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Waverton Investment Management Ltd raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 201,125 shares of the financial services provider’s stock after purchasing an additional 7,776 shares during the period. Waverton Investment Management Ltd’s holdings in Interactive Brokers Group were worth $35,521,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in IBKR. Contravisory Investment Management Inc. bought a new position in Interactive Brokers Group during the 4th quarter valued at approximately $25,000. SRH Advisors LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth $28,000. Versant Capital Management Inc increased its holdings in shares of 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 valued at $31,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. raised its position in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC raised its position in shares of Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 100 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IBKR. The Goldman Sachs Group increased their price objective on shares of 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 increased their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Barclays increased their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Finally, UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Insider Activity

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 stock was bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.21% of the company’s stock.

Interactive Brokers Group Trading Down 3.2 %

NASDAQ:IBKR opened at $218.68 on Monday. The company has a market cap of $92.40 billion, a PE ratio of 30.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. The company has a 50 day simple moving average of $201.39 and a two-hundred day simple moving average of $168.20. 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 released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the business posted $1.52 EPS. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is currently 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.