Interactive Brokers Group, Inc. $IBKR Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 106.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,380 shares of the financial services provider’s stock after purchasing an additional 6,373 shares during the period. Coldstream Capital Management Inc.’s holdings in Interactive Brokers Group were worth $796,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $27,000. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $32,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $33,000. Finally, Blue Trust Inc. increased its holdings in shares of Interactive Brokers Group by 236.0% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 472 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent research reports. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target for the company. Jefferies Financial Group cut their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays raised their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $83.25.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Down 2.3%

IBKR opened at $80.95 on Thursday. The firm has a market cap of $137.32 billion, a P/E ratio of 34.89, a P/E/G ratio of 2.29 and a beta of 1.32. The business has a fifty day simple moving average of $76.36 and a 200-day simple moving average of $71.77. Interactive Brokers Group, Inc. has a 52 week low of $49.15 and a 52 week high of $88.44.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The firm had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business posted $1.94 earnings per share. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.09%.

About Interactive Brokers Group

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.