First Citizens Bank & Trust Co. Has $422,000 Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

First Citizens Bank & Trust Co. increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,390 shares of the financial services provider’s stock after purchasing an additional 383 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Interactive Brokers Group were worth $422,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in Interactive Brokers Group during the 4th quarter worth $25,000. Versant Capital Management Inc boosted its stake 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 purchasing an additional 71 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Interactive Brokers Group by 100.0% during the fourth 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. UMB Bank n.a. increased its stake in shares of Interactive Brokers Group by 350.0% in the third quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock valued at $40,000 after buying an additional 224 shares during the period. Finally, Smithfield Trust Co raised its holdings in Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $203.87 on Tuesday. The business has a 50-day simple moving average of $186.51 and a 200 day simple moving average of $153.89. The firm has a market capitalization of $86.14 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a one year low of $88.22 and a one year high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same period in the prior year, the firm earned $1.52 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IBKR shares. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. 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 research note on Monday, January 13th. Jefferies Financial Group lifted their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays increased their price target 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, Citigroup lifted 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, January 10th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Company 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.