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

New Millennium Group LLC purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 13,129 shares of the financial services provider’s stock, valued at approximately $2,319,000. Interactive Brokers Group accounts for about 1.4% of New Millennium Group LLC’s investment portfolio, making the stock its 21st largest holding.

A number of other hedge funds have also recently made changes to their positions in IBKR. Donoghue Forlines LLC purchased a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $2,088,000. Aurora Investment Counsel bought a new stake in Interactive Brokers Group during the third quarter worth about $1,693,000. Union Bancaire Privee UBP SA purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth about $3,750,000. Friedenthal Financial bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at about $775,000. Finally, Versor Investments LP bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $474,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 0.8 %

Shares of NASDAQ IBKR opened at $217.44 on Friday. The firm has a market capitalization of $91.87 billion, a price-to-earnings ratio of 30.80, a price-to-earnings-growth ratio of 1.50 and a beta of 0.87. The firm has a 50 day moving average of $188.49 and a 200 day moving average of $155.98. Interactive Brokers Group, Inc. has a 12-month low of $88.22 and a 12-month high of $221.09.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The business had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The business’s revenue was up 21.8% on a year-over-year basis. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a $0.25 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Jefferies Financial Group increased their target price on Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Finally, Citigroup upped their price target 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 investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group 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.