Crossmark Global Holdings Inc. Raises Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Crossmark Global Holdings Inc. raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,442 shares of the financial services provider’s stock after purchasing an additional 311 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Interactive Brokers Group were worth $1,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IBKR. Contravisory Investment Management Inc. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $25,000. Versant Capital Management Inc grew its position in shares of Interactive Brokers Group by 66.4% in the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after buying an additional 71 shares during the period. Harbor Investment Advisory LLC grew its position in shares of Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after buying an additional 100 shares during the period. UMB Bank n.a. grew its position in shares of Interactive Brokers Group by 350.0% in the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider’s stock worth $40,000 after buying an additional 224 shares during the period. Finally, Smithfield Trust Co grew its position in shares of Interactive Brokers Group by 80.6% in the 3rd quarter. Smithfield Trust Co now owns 345 shares of the financial services provider’s stock worth $48,000 after buying an additional 154 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

IBKR opened at $208.55 on Friday. The stock has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a P/E/G ratio of 1.40 and a beta of 0.87. The company’s 50-day simple moving average is $185.31 and its two-hundred day simple moving average is $152.25. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $212.84.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1,372,590.34 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.11%. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.52 EPS. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.2 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on IBKR shares. UBS Group upped their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday. Keefe, Bruyette & Woods upped their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group upped 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 equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus target price of $192.25.

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.