Invesco Ltd. Has $135.32 Million Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Invesco Ltd. increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 39.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 765,959 shares of the financial services provider's stock after acquiring an additional 214,844 shares during the period. Invesco Ltd. owned about 0.18% of Interactive Brokers Group worth $135,322,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on IBKR shares. UBS Group raised their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. StockNews.com upgraded shares of Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of 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. Barclays lowered their target price on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, Citigroup cut their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.88.

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Interactive Brokers Group Trading Up 4.3 %

Shares of NASDAQ IBKR opened at $171.35 on Friday. The firm's 50-day moving average price is $190.12 and its 200-day moving average price is $180.66. The firm has a market capitalization of $72.41 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.59 and a beta of 1.02. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53.

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

Interactive Brokers Group Dividend Announcement

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

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the business's stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares of the company's stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.99% of the stock is currently owned by company insiders.

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.

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