Fmr LLC Has $226.47 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

FMR LLC raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 17.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,281,882 shares of the financial services provider's stock after purchasing an additional 187,284 shares during the quarter. FMR LLC owned 0.30% of Interactive Brokers Group worth $226,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IBKR. Wellington Management Group LLP increased its holdings in Interactive Brokers Group by 8,249.3% during the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after purchasing an additional 1,476,135 shares in the last quarter. Norges Bank acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $229,316,000. Raymond James Financial Inc. bought a new position in Interactive Brokers Group in the 4th quarter valued at $120,046,000. Geode Capital Management LLC boosted its holdings in Interactive Brokers Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock valued at $399,205,000 after acquiring an additional 193,497 shares during the last quarter. Finally, Twin Tree Management LP lifted its position in Interactive Brokers Group by 492.8% during the 4th quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock valued at $40,130,000 after purchasing an additional 188,827 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.4 %

Shares of IBKR traded up $0.65 during midday trading on Thursday, reaching $158.55. The stock had a trading volume of 829,510 shares, compared to its average volume of 2,303,158. The firm has a 50 day simple moving average of $186.35 and a 200-day simple moving average of $181.00. The firm has a market cap of $67.00 billion, a PE ratio of 22.46, a P/E/G ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53.

Interactive Brokers Group shares are set to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be distributed to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on IBKR. Bank of America lowered their target price on shares of Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a report on Wednesday. Citigroup dropped their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. UBS Group lifted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Finally, Piper Sandler dropped their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and an average target price of $207.88.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.99% of the stock is owned by insiders.

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.