Interactive Brokers Group, Inc. $IBKR Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 106.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,380 shares of the financial services provider’s stock after acquiring an additional 6,373 shares during the period. Coldstream Capital Management Inc.’s holdings in Interactive Brokers Group were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. Murphy & Mullick Capital Management Corp acquired a new stake in Interactive Brokers Group during the third quarter worth about $27,000. Entrust Financial LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $31,000. Tucker Asset Management LLC acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $32,000. Lloyd Advisory Services LLC. acquired a new stake in Interactive Brokers Group during the fourth quarter worth about $33,000. Finally, Blue Trust Inc. grew its holdings in Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 472 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is owned by insiders.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $80.95 on Thursday. The business has a 50 day simple moving average of $76.36 and a two-hundred day simple moving average of $71.77. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $88.44. The stock has a market capitalization of $137.32 billion, a P/E ratio of 34.89, a PEG ratio of 2.29 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the prior year, the firm earned $1.94 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. The ex-dividend date of this dividend is Monday, June 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 15.09%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBKR. Jefferies Financial Group dropped their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Barclays raised their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Piper Sandler raised their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Finally, The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $83.25.

Interactive Brokers Group Profile

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.