Cozad Asset Management Inc. Boosts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cozad Asset Management Inc. lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,287 shares of the financial services provider’s stock after purchasing an additional 868 shares during the quarter. Cozad Asset Management Inc.’s holdings in Interactive Brokers Group were worth $8,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $120,046,000. Twin Tree Management LP boosted its stake in shares of Interactive Brokers Group by 492.8% in the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider’s stock worth $40,130,000 after acquiring an additional 188,827 shares during the period. Lord Abbett & CO. LLC bought a new position in shares of Interactive Brokers Group in the third quarter worth about $25,085,000. Bamco Inc. NY boosted its stake in shares of Interactive Brokers Group by 16.3% in the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after acquiring an additional 127,640 shares during the period. Finally, Progeny 3 Inc. bought a new position in shares of Interactive Brokers Group in the third quarter worth about $17,699,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $168.11 on Monday. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock’s 50 day simple moving average is $204.67 and its two-hundred day simple moving average is $175.42. The company has a market cap of $71.04 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. Interactive Brokers Group’s payout ratio is 14.16%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays upped their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price target on 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, UBS Group increased their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.