UMB Bank n.a. raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 69.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 488 shares of the financial services provider’s stock after acquiring an additional 200 shares during the period. UMB Bank n.a.’s holdings in Interactive Brokers Group were worth $86,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC grew its position in shares of 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 valued at $132,655,000 after acquiring an additional 1,004,289 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new stake in Interactive Brokers Group during the third quarter valued at about $83,630,000. Waverton Investment Management Ltd purchased a new stake in Interactive Brokers Group in the third quarter worth about $26,946,000. Allspring Global Investments Holdings LLC raised its stake in shares of Interactive Brokers Group by 262.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Interactive Brokers Group during the 3rd quarter valued at about $25,085,000. 23.80% of the stock is owned by hedge funds and other institutional investors.
Interactive Brokers Group Stock Down 0.6 %
IBKR stock opened at $208.55 on Friday. The company has a fifty day simple moving average of $185.31 and a two-hundred day simple moving average of $152.25. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $212.84. The firm has a market capitalization of $88.12 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87.
Interactive Brokers Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.48%. Interactive Brokers Group’s payout ratio is presently 14.16%.
Analysts Set New Price Targets
A number of equities research analysts have commented on IBKR shares. The Goldman Sachs Group raised their target price 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. Keefe, Bruyette & Woods lifted their target price on shares of 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. Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. UBS Group boosted their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Barclays increased their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.25.
Check Out Our Latest Stock Report on Interactive Brokers Group
About Interactive Brokers Group
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.
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