Meadow Creek Wealth Advisors LLC Takes Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Meadow Creek Wealth Advisors LLC purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 1,311 shares of the financial services provider’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Interactive Brokers Group during the third quarter worth $83,630,000. Waverton Investment Management Ltd acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at about $26,946,000. Allspring Global Investments Holdings LLC raised its stake in shares of Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after acquiring an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Interactive Brokers Group during the third quarter worth approximately $25,085,000. Finally, International Assets Investment Management LLC grew its stake 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 purchasing an additional 148,055 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.21% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on IBKR shares. Citigroup boosted their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Barclays upped 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. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods raised their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group boosted their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $233.45 on Thursday. The company has a 50 day moving average price of $190.55 and a two-hundred day moving average price of $158.41. The company has a market capitalization of $98.64 billion, a PE ratio of 33.07, a PEG ratio of 1.54 and a beta of 0.89. Interactive Brokers Group, Inc. has a 52 week low of $92.61 and a 52 week high of $234.65.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.52 EPS. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

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.