Yarbrough Capital LLC Takes $907,000 Position in Interactive Brokers Group, Inc. $IBKR

Yarbrough Capital LLC bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 14,109 shares of the financial services provider’s stock, valued at approximately $907,000.

A number of other institutional investors also recently bought and sold shares of IBKR. Spire Wealth Management boosted its stake in shares of Interactive Brokers Group by 20.0% during the 4th quarter. Spire Wealth Management now owns 25,816 shares of the financial services provider’s stock worth $1,660,000 after purchasing an additional 4,296 shares during the period. Exchange Traded Concepts LLC increased its position in Interactive Brokers Group by 15.5% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,953 shares of the financial services provider’s stock valued at $640,000 after purchasing an additional 1,333 shares during the period. Czech National Bank increased its position in Interactive Brokers Group by 3.8% during the 4th quarter. Czech National Bank now owns 117,435 shares of the financial services provider’s stock valued at $7,552,000 after purchasing an additional 4,352 shares during the period. Thrive Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 1.8% in the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 162 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in shares of Interactive Brokers Group by 12.1% in the fourth quarter. DAVENPORT & Co LLC now owns 41,733 shares of the financial services provider’s stock worth $2,684,000 after buying an additional 4,490 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $64.20 on Monday. The company has a 50 day moving average price of $71.76 and a 200-day moving average price of $68.71. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $79.18. The firm has a market cap of $108.91 billion, a price-to-earnings ratio of 28.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Analysts Set New Price Targets

IBKR has been the topic of several research reports. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $76.39.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 400,000 shares of company stock valued at $30,725,122 over the last quarter. 2.80% of the stock is currently owned by company insiders.

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.