Crossmark Global Holdings Inc. Acquires 311 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Crossmark Global Holdings Inc. lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,442 shares of the financial services provider’s stock after buying an additional 311 shares during the period. Crossmark Global Holdings Inc.’s holdings in Interactive Brokers Group were worth $1,491,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Townsquare Capital LLC grew its holdings in Interactive Brokers Group by 1.2% during the 3rd quarter. Townsquare Capital LLC now owns 5,456 shares of the financial services provider’s stock valued at $760,000 after buying an additional 67 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in Interactive Brokers Group by 0.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 69 shares in the last quarter. Versant Capital Management Inc grew its holdings 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 buying an additional 71 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in Interactive Brokers Group by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock valued at $398,000 after buying an additional 81 shares in the last quarter. Finally, Uncommon Cents Investing LLC grew its holdings in Interactive Brokers Group by 0.5% during the 4th quarter. Uncommon Cents Investing LLC now owns 17,120 shares of the financial services provider’s stock valued at $3,025,000 after buying an additional 90 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays raised their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday. The Goldman Sachs Group raised their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. Jefferies Financial Group raised their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods raised 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 report on Monday, January 13th. Finally, Citigroup raised their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $192.25.

Interactive Brokers Group Stock Down 0.6 %

Shares of IBKR opened at $208.55 on Friday. Interactive Brokers Group, Inc. has a 52-week low of $88.22 and a 52-week high of $212.84. The company has a market cap of $88.12 billion, a PE ratio of 29.54, a P/E/G ratio of 1.40 and a beta of 0.87. The business has a fifty day moving average of $185.31 and a 200 day moving average of $152.25.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.11% and a net margin of 9.25%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1,372,590.34 billion. During the same period last year, the company earned $1.52 earnings per share. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.2 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 0.48%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Interactive Brokers Group Company 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.