Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 9.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,259,032 shares of the financial services provider's stock after purchasing an additional 193,497 shares during the quarter. Geode Capital Management LLC owned about 0.53% of Interactive Brokers Group worth $399,205,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in IBKR. Cerity Partners LLC lifted its position in shares of Interactive Brokers Group by 60.2% during the 3rd quarter. Cerity Partners LLC now owns 3,051 shares of the financial services provider's stock worth $425,000 after buying an additional 1,146 shares during the last quarter. Benjamin Edwards Inc. grew its position in Interactive Brokers Group by 487.4% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,931 shares of the financial services provider's stock worth $409,000 after purchasing an additional 2,432 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Interactive Brokers Group by 67.4% in the third quarter. HighTower Advisors LLC now owns 72,636 shares of the financial services provider's stock valued at $10,133,000 after buying an additional 29,257 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Interactive Brokers Group by 82.3% during the third quarter. Quantinno Capital Management LP now owns 3,167 shares of the financial services provider's stock worth $441,000 after buying an additional 1,430 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Interactive Brokers Group in the 3rd quarter valued at about $1,483,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on IBKR shares. Citigroup cut their price target on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. Barclays lowered their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.88.

Interactive Brokers Group Stock Down 4.6 %

Shares of IBKR stock traded down $7.79 during mid-day trading on Thursday, reaching $162.93. The company's stock had a trading volume of 1,488,741 shares, compared to its average volume of 1,300,545. The company's 50 day simple moving average is $192.31 and its 200-day simple moving average is $180.22. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a market capitalization of $68.85 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company's revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.52 earnings per share. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the company's stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.99% of the company's stock.

About Interactive Brokers Group

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.