Wulff Hansen & CO. Has $371,000 Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wulff Hansen & CO. grew its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 40.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,100 shares of the financial services provider’s stock after purchasing an additional 605 shares during the period. Wulff Hansen & CO.’s holdings in Interactive Brokers Group were worth $371,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IBKR. Raymond James Financial Inc. bought a new stake in Interactive Brokers Group in the 4th quarter worth about $120,046,000. Twin Tree Management LP grew its position in Interactive Brokers Group by 492.8% in the 4th quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider’s stock worth $40,130,000 after purchasing an additional 188,827 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in Interactive Brokers Group in the 3rd quarter worth about $25,085,000. Bamco Inc. NY grew its position in Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock worth $127,181,000 after purchasing an additional 127,640 shares in the last quarter. Finally, Progeny 3 Inc. bought a new stake in Interactive Brokers Group in the 3rd quarter worth about $17,699,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.99% of the stock is owned by insiders.

Interactive Brokers Group Trading Down 1.0 %

IBKR opened at $172.69 on Wednesday. The company has a 50 day moving average of $203.99 and a 200 day moving average of $176.07. The company has a market cap of $72.97 billion, a PE ratio of 24.46, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 12 month low of $103.69 and a 12 month high of $236.53.

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, topping the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Interactive Brokers Group’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $1.52 EPS. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

IBKR has been the subject of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. UBS Group upped their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods upped their price objective on shares of 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 increased their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $204.13.

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.