Friedenthal Financial Acquires Shares of 4,388 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Friedenthal Financial bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 4,388 shares of the financial services provider’s stock, valued at approximately $775,000.

Several other large investors have also recently modified their holdings of IBKR. American Century Companies Inc. increased its position in Interactive Brokers Group by 1.0% during the second quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider’s stock valued at $11,675,000 after acquiring an additional 983 shares during the last quarter. Federated Hermes Inc. grew its holdings in Interactive Brokers Group by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 262,162 shares of the financial services provider’s stock valued at $32,141,000 after purchasing an additional 1,877 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Interactive Brokers Group in the 2nd quarter worth about $32,000. Greenwich Wealth Management LLC lifted its stake in Interactive Brokers Group by 0.3% in the second quarter. Greenwich Wealth Management LLC now owns 2,979,372 shares of the financial services provider’s stock worth $365,271,000 after purchasing an additional 8,038 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Interactive Brokers Group by 10.1% during the second quarter. Dimensional Fund Advisors LP now owns 301,688 shares of the financial services provider’s stock valued at $36,988,000 after buying an additional 27,621 shares during the period. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded down $1.95 during trading hours on Monday, reaching $183.26. The stock had a trading volume of 1,269,958 shares, compared to its average volume of 1,171,630. The company has a market cap of $77.43 billion, a price-to-earnings ratio of 27.98, a PEG ratio of 1.41 and a beta of 0.87. The business’s 50 day moving average price is $181.34 and its 200-day moving average price is $148.36. Interactive Brokers Group, Inc. has a 52 week low of $83.86 and a 52 week high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a net margin of 7.89% and a return on equity of 4.83%. During the same quarter last year, the business earned $1.55 earnings per share. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IBKR shares. The Goldman Sachs Group upped their price objective 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. Keefe, Bruyette & Woods lifted their price objective 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. Jefferies Financial Group boosted their price objective on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Barclays raised their target price on shares of Interactive Brokers Group from $214.00 to $224.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citigroup increased their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $190.13.

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.