Dumont & Blake Investment Advisors LLC Sells 76 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Dumont & Blake Investment Advisors LLC decreased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,498 shares of the financial services provider’s stock after selling 76 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Interactive Brokers Group were worth $1,678,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IBKR. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $83,630,000. Waverton Investment Management Ltd purchased a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $26,946,000. Allspring Global Investments Holdings LLC boosted its position in shares of Interactive Brokers Group by 262.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after buying an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC purchased a new position in shares of Interactive Brokers Group during the third quarter valued at approximately $25,085,000. Finally, International Assets Investment Management LLC boosted its position in shares of Interactive Brokers Group by 13,967.5% during the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after buying an additional 148,055 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $219.17 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $221.09. The firm has a market cap of $92.60 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 1.50 and a beta of 0.87. The business’s fifty day moving average is $187.97 and its 200 day moving average is $155.34.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 EPS. Equities analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Analysts Set New Price Targets

Several research firms have weighed in on IBKR. Keefe, Bruyette & Woods boosted their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Citigroup boosted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. The Goldman Sachs Group boosted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Finally, Jefferies Financial Group upped their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $204.13.

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.