Atomi Financial Group Inc. Boosts Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Atomi Financial Group Inc. increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,722 shares of the financial services provider’s stock after purchasing an additional 484 shares during the quarter. Atomi Financial Group Inc.’s holdings in Interactive Brokers Group were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Interactive Brokers Group during the fourth quarter valued at about $25,000. Versant Capital Management Inc grew its stake in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares in the last quarter. Harbor Investment Advisory LLC increased its holdings in Interactive Brokers Group by 100.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. raised 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 valued at $40,000 after purchasing an additional 224 shares in the last quarter. Finally, Fortitude Family Office LLC boosted its stake in shares of Interactive Brokers Group by 105.7% during the 4th quarter. Fortitude Family Office LLC now owns 288 shares of the financial services provider’s stock valued at $51,000 after buying an additional 148 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBKR has been the topic of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a report on Wednesday. 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 note on Friday, October 4th. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup upped their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group lifted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $192.25.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $209.78 on Thursday. Interactive Brokers Group, Inc. has a 12 month low of $88.22 and a 12 month high of $211.14. The stock has a fifty day moving average price of $184.70 and a 200 day moving average price of $151.85. The company has a market cap of $88.64 billion, a P/E ratio of 32.03, a PEG ratio of 1.38 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 7.89% and a return on equity of 4.83%. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.52 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 6.99 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.48%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

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.