Fulton Bank N.A. Purchases 190 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Fulton Bank N.A. raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,319 shares of the financial services provider’s stock after acquiring an additional 190 shares during the quarter. Fulton Bank N.A.’s holdings in Interactive Brokers Group were worth $586,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IBKR. Capital Market Strategies LLC purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $212,000. GAMMA Investing LLC raised its position in Interactive Brokers Group by 32.6% in the fourth quarter. GAMMA Investing LLC now owns 1,900 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 467 shares during the period. Versant Capital Management Inc boosted its stake in shares of 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 worth $31,000 after acquiring an additional 71 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after acquiring an additional 11,379 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Interactive Brokers Group in the 3rd quarter worth $25,085,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $190.89 on Friday. The firm’s fifty day moving average is $180.71 and its two-hundred day moving average is $147.56. Interactive Brokers Group, Inc. has a 52-week low of $83.86 and a 52-week high of $193.42. The company has a market cap of $80.66 billion, a P/E ratio of 29.14, a P/E/G ratio of 1.41 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.82 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Piper Sandler lifted their target price on Interactive Brokers Group from $163.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays boosted their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. Keefe, Bruyette & Woods lifted their price target on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the company a “market perform” rating in a report on Friday, December 20th. UBS Group increased their price objective on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.63.

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.