Cottonwood Capital Advisors LLC Has $630,000 Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Cottonwood Capital Advisors LLC lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 94.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,567 shares of the financial services provider’s stock after purchasing an additional 1,732 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Interactive Brokers Group were worth $630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millennium Management LLC grew its holdings in Interactive Brokers Group by 1,292.1% during the 2nd quarter. Millennium Management LLC now owns 1,082,017 shares of the financial services provider’s stock worth $132,655,000 after acquiring an additional 1,004,289 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $83,630,000. Waverton Investment Management Ltd acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $26,946,000. Allspring Global Investments Holdings LLC raised its position in Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after purchasing an additional 187,010 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new position in Interactive Brokers Group during the 3rd quarter worth $25,085,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on IBKR. Keefe, Bruyette & Woods upped 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. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday. Barclays boosted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Jefferies Financial Group upped their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, October 4th. One research 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 company has an average rating of “Moderate Buy” and a consensus price target of $192.25.

Interactive Brokers Group Trading Up 5.0 %

Shares of Interactive Brokers Group stock opened at $218.99 on Friday. The stock’s fifty day simple moving average is $186.09 and its 200 day simple moving average is $152.91. The company has a market capitalization of $92.53 billion, a PE ratio of 31.02, a PEG ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a 12 month low of $88.22 and a 12 month high of $220.66.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1,372,590.34 billion. During the same quarter last year, the firm posted $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. Analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is 14.16%.

Interactive Brokers Group 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.