Intech Investment Management LLC Raises Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Intech Investment Management LLC raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 53.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,010 shares of the financial services provider's stock after acquiring an additional 17,499 shares during the period. Intech Investment Management LLC's holdings in Interactive Brokers Group were worth $8,835,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IBKR. Oppenheimer & Co. Inc. bought a new stake in shares of Interactive Brokers Group during the third quarter worth approximately $229,000. Huntington National Bank boosted its holdings in shares of Interactive Brokers Group by 445.5% during the third quarter. Huntington National Bank now owns 420 shares of the financial services provider's stock worth $59,000 after acquiring an additional 343 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Interactive Brokers Group by 3.6% during the third quarter. CIBC Asset Management Inc now owns 3,161 shares of the financial services provider's stock worth $441,000 after acquiring an additional 110 shares during the period. Quest Partners LLC bought a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $751,000. Finally, Pathstone Holdings LLC boosted its stake in shares of Interactive Brokers Group by 7.0% in the third quarter. Pathstone Holdings LLC now owns 12,348 shares of the financial services provider's stock valued at $1,721,000 after buying an additional 811 shares during the period. Institutional investors own 23.80% of the company's stock.

Remove Ads

Interactive Brokers Group Trading Down 1.4 %

Interactive Brokers Group stock traded down $2.50 during midday trading on Friday, reaching $173.36. The company's stock had a trading volume of 3,574,320 shares, compared to its average volume of 1,175,136. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The business has a 50-day moving average price of $203.19 and a 200-day moving average price of $176.73. The stock has a market cap of $73.26 billion, a PE ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the stock in a transaction dated Friday, January 31st. The shares were bought 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 directly owns 2,476 shares of the company's stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Citigroup boosted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Piper Sandler reiterated an "overweight" rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group boosted their price target on 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, Keefe, Bruyette & Woods boosted their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.