TruNorth Capital Management LLC Has $448,000 Stock Position in Interactive Brokers Group, Inc. $IBKR

TruNorth Capital Management LLC lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 625.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,964 shares of the financial services provider’s stock after buying an additional 6,004 shares during the quarter. TruNorth Capital Management LLC’s holdings in Interactive Brokers Group were worth $448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. VMS Asset Management Limited acquired a new stake in shares of Interactive Brokers Group in the fourth quarter worth $5,704,000. Vise Technologies Inc. lifted its holdings in shares of Interactive Brokers Group by 151.8% during the fourth quarter. Vise Technologies Inc. now owns 24,209 shares of the financial services provider’s stock worth $1,557,000 after buying an additional 14,593 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Interactive Brokers Group by 4.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 90,928 shares of the financial services provider’s stock worth $5,847,000 after buying an additional 4,114 shares during the last quarter. State of Wyoming lifted its holdings in shares of Interactive Brokers Group by 1.3% during the fourth quarter. State of Wyoming now owns 49,352 shares of the financial services provider’s stock worth $3,174,000 after buying an additional 651 shares during the last quarter. Finally, Cibc World Market Inc. lifted its holdings in shares of Interactive Brokers Group by 137.8% during the fourth quarter. Cibc World Market Inc. now owns 139,435 shares of the financial services provider’s stock worth $8,967,000 after buying an additional 80,803 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Down 0.1%

Shares of IBKR stock opened at $87.02 on Friday. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $91.02. The firm has a market cap of $147.62 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.32. The stock has a 50 day moving average of $78.71 and a 200-day moving average of $72.50.

Interactive Brokers Group (NASDAQ:IBKR) last issued 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. The business had revenue of $1.68 billion during the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.Interactive Brokers Group’s revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.94 earnings per share. As a group, equities analysts predict 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. Investors of record on Monday, June 1st will be paid a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This is a positive change 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 dividend payout ratio is currently 15.09%.

Analyst Ratings Changes

A number of research analysts have recently commented on IBKR shares. Piper Sandler upped their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a report on Friday, May 1st. BMO Capital Markets upped their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group cut their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Finally, Barclays upped their price target on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

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.