Campbell & CO Investment Adviser LLC Purchases New Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Campbell & CO Investment Adviser LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,957 shares of the financial services provider’s stock, valued at approximately $494,000.
A number of other hedge funds also recently bought and sold shares of IBKR. Winmill & CO. Inc. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $6,781,000. RV Capital AG grew its holdings in Interactive Brokers Group by 7.3% in the 4th quarter. RV Capital AG now owns 309,947 shares of the financial services provider’s stock valued at $25,695,000 after buying an additional 21,200 shares in the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Interactive Brokers Group by 9.9% during the 4th quarter. Oliver Luxxe Assets LLC now owns 6,921 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 622 shares during the period. Treasurer of the State of North Carolina boosted its position in shares of Interactive Brokers Group by 3.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 48,395 shares of the financial services provider’s stock valued at $4,012,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $196,000. Institutional investors and hedge funds own 23.80% of the company’s stock.
Interactive Brokers Group Trading Up 0.9 %
Shares of IBKR opened at $123.74 on Monday. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $129.19. The business’s 50-day moving average price is $118.84 and its 200 day moving average price is $102.61. The stock has a market capitalization of $52.10 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.25 and a beta of 0.82.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last posted its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.63 by $0.01. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. On average, research analysts predict that Interactive Brokers Group, Inc. will post 6.49 earnings per share for the current year.
Interactive Brokers Group Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.25 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is 17.09%.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on IBKR. Barclays lifted their target price on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Citigroup lifted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Piper Sandler increased their target price on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Finally, Bank of America raised their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.00.
Check Out Our Latest Stock Report on Interactive Brokers Group
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.
See Also
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