Interactive Brokers Group, Inc. (NASDAQ:IBKR)’s stock price rose 8.6% on Wednesday . The stock traded as high as $40.99 and last traded at $44.23, approximately 40,386 shares changed hands during trading. A decline of 97% from the average daily volume of 1,155,681 shares. The stock had previously closed at $40.74.
Separately, Wells Fargo & Co lifted their target price on shares of Interactive Brokers Group from $40.00 to $44.00 and gave the company an “underweight” rating in a report on Thursday, January 9th.
The stock has a market cap of $16.92 billion, a price-to-earnings ratio of 20.63, a price-to-earnings-growth ratio of 1.79 and a beta of 0.62. The business’s fifty day simple moving average is $48.81 and its 200 day simple moving average is $48.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $0.40 dividend on an annualized basis and a yield of 0.93%. Interactive Brokers Group’s dividend payout ratio is currently 17.62%.
Hedge funds have recently modified their holdings of the business. Clear Harbor Asset Management LLC acquired a new position in Interactive Brokers Group in the 4th quarter worth $27,000. FNY Investment Advisers LLC acquired a new position in Interactive Brokers Group in the 4th quarter worth $38,000. Pinebridge Investments L.P. lifted its holdings in Interactive Brokers Group by 15.4% in the 4th quarter. Pinebridge Investments L.P. now owns 1,500 shares of the financial services provider’s stock worth $70,000 after buying an additional 200 shares in the last quarter. Boston Partners acquired a new position in Interactive Brokers Group in the 3rd quarter worth $156,000. Finally, Toronto Dominion Bank lifted its holdings in Interactive Brokers Group by 31.1% in the 4th quarter. Toronto Dominion Bank now owns 2,930 shares of the financial services provider’s stock worth $137,000 after buying an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 16.59% of the company’s stock.
Interactive Brokers Group Company Profile (NASDAQ:IBKR)
Interactive Brokers Group, Inc operates as an automated electronic broker in approximately 120 electronic exchanges and market centers worldwide. It specializes in executing and clearing trades in securities, futures, foreign exchange instruments, bonds, and mutual funds. The company custodies and services accounts for hedge and mutual funds, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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