Yarbrough Capital LLC Makes New $907,000 Investment in Interactive Brokers Group, Inc. $IBKR

Yarbrough Capital LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 14,109 shares of the financial services provider’s stock, valued at approximately $907,000.

Several other hedge funds have also recently made changes to their positions in IBKR. Murphy & Mullick Capital Management Corp bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $27,000. N.E.W. Advisory Services LLC grew its holdings in shares of Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 474 shares during the period. Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group in the 2nd quarter worth approximately $44,000. Darwin Wealth Management LLC purchased a new stake in Interactive Brokers Group during the second quarter valued at approximately $45,000. Finally, Close Asset Management Ltd bought a new position in Interactive Brokers Group in the third quarter worth approximately $60,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IBKR. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. BMO Capital Markets lifted their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 400,000 shares of company stock worth $30,725,122. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Performance

IBKR opened at $64.20 on Monday. The stock has a market capitalization of $108.91 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.80 and a beta of 1.23. The company has a fifty day moving average of $71.76 and a 200 day moving average of $68.71. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s payout ratio is presently 14.48%.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.