Ballentine Partners LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

In the fourth quarter, Ballentine Partners LLC established a new investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR), as detailed in their latest filing with the Securities and Exchange Commission. The firm acquired 1,449 shares of the financial services company, totaling around $256,000 in value.

Other hedge funds have also recently adjusted their positions in IBKR. For instance, Contravisory Investment Management Inc. invested in shares of Interactive Brokers Group during the same quarter, with a stake valued at approximately $25,000. Versant Capital Management Inc. increased its stake by an impressive 66.4%, now owning 178 shares, which are valued at $31,000 after acquiring an additional 71 shares. Harbor Investment Advisory LLC doubled its stake to 200 shares worth $35,000, following a purchase of 100 additional shares in the last quarter. In the third quarter, UMB Bank n.a. raised its holdings by 350%, owning 288 shares valued at $40,000 after purchasing an extra 224 shares. Furthermore, Smithfield Trust Co. increased its investment by 80.6%, now holding 345 shares worth $48,000 after buying an additional 154 shares. Currently, institutional investors hold approximately 23.80% of the stock.

Stock Performance and Market Details

The shares of IBKR opened at $218.99 on the Friday before this report. The stock has experienced a fifty-day simple moving average of $186.09 and a two-hundred-day simple moving average of $153.10. With a market capitalization of $92.53 billion, the company has a PE ratio of 31.02, a PEG ratio of 1.49, and a beta of 0.87. Over the past year, Interactive Brokers Group recorded a low of $88.22 and a high of $220.66.

On January 21st, Interactive Brokers Group released its earnings report, indicating an earnings per share (EPS) of $2.03 for the quarter, surpassing the consensus estimate of $1.81 by $0.22. The firm's return on equity stands at 5.00%, with a net margin of 9.25%. Revenue for the quarter reached $1.39 billion, beating analysts' expectations of $1.37 billion. In the same quarter of the previous year, the company reported an EPS of $1.52, showing a year-over-year revenue increase of 21.8%. Analysts predict that Interactive Brokers Group will achieve an EPS of 7.39 for the current fiscal year.

Dividend Declaration

Recently, the company announced a dividend for the upcoming quarter, scheduled for payment on March 14th. Stockholders on record as of February 28th will receive a dividend of $0.25 per share, which translates into an annualized dividend of $1.00 and a dividend yield of 0.46%. The current dividend payout ratio for Interactive Brokers Group is at 14.16%.

Analyst Ratings and Stock Recommendations

Multiple analysts have recently provided their insights on IBKR shares. Piper Sandler reiterated an “overweight” rating for the stock, increasing their target price to $210.00 from $200.00. The Goldman Sachs Group raised their price target from $171.00 to $195.00, maintaining a “buy” rating. Citigroup also upgraded their target price from $180.00 to $220.00, reinforcing a “buy” rating. UBS Group escalated their price target from $155.00 to $170.00, while Barclays lifted its price objective from $224.00 to $231.00. Overall, one analyst has designated the stock with a hold rating, whereas seven have rated it as a buy, leading to a consensus of a “Moderate Buy” and an average target price of $192.25.

About Interactive Brokers Group

Interactive Brokers Group, Inc., operates as a global electronic brokerage firm. The company is involved in various financial transactions, including executing, clearing, and settling trades in stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds (ETFs), precious metals, and cryptocurrencies.

Investment, Shares, Earnings