Legal & General Group Plc Sells 33,069 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Legal & General Group Plc decreased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,608 shares of the financial services provider's stock after selling 33,069 shares during the quarter. Legal & General Group Plc owned approximately 0.08% of Interactive Brokers Group worth $60,529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in Interactive Brokers Group by 8,249.3% in 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 buying an additional 1,476,135 shares during the last quarter. Norges Bank acquired a new position 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 shares of Interactive Brokers Group during the fourth quarter worth approximately $120,046,000. Invesco Ltd. lifted its holdings in Interactive Brokers Group by 39.0% during the 4th quarter. Invesco Ltd. now owns 765,959 shares of the financial services provider's stock worth $135,322,000 after purchasing an additional 214,844 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Interactive Brokers Group by 9.4% in the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock valued at $399,205,000 after purchasing an additional 193,497 shares during the period. 23.80% of the stock is owned by institutional investors.

Remove Ads

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR traded up $0.44 during mid-day trading on Tuesday, reaching $173.43. 2,423,425 shares of the company's stock were exchanged, compared to its average volume of 1,324,334. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53. The firm has a market capitalization of $73.29 billion, a price-to-earnings ratio of 24.57, a PEG ratio of 1.59 and a beta of 1.02. The business's fifty day moving average price is $188.91 and its 200-day moving average price is $181.21.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, hitting the consensus estimate of $1.88. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. Analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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%.

Analyst Ratings Changes

Several equities analysts recently commented on IBKR shares. UBS Group upped 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. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday, April 10th. Piper Sandler dropped their price target on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Citigroup reduced their price objective on shares of 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. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $195.88.

Insiders Place Their Bets

In related news, Director Jill Bright bought 135 shares of the business's stock in a transaction that occurred on 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 purchase, the director now directly 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 SEC, which can be accessed through this hyperlink. 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.