Massachusetts Financial Services Co. MA Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Massachusetts Financial Services Co. MA acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,901 shares of the financial services provider's stock, valued at approximately $1,219,000.

A number of other institutional investors and hedge funds have also modified their holdings of IBKR. JPMorgan Chase & Co. boosted its holdings in Interactive Brokers Group by 0.3% during the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after purchasing an additional 11,379 shares in the last quarter. Cantillon Capital Management LLC grew its position in Interactive Brokers Group by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider's stock valued at $599,917,000 after acquiring an additional 18,047 shares during the period. State Street Corp raised its stake in Interactive Brokers Group by 1.7% during the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after acquiring an additional 52,911 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 9.4% during 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 period. Finally, Wellington Management Group LLP grew its holdings in shares of 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 worth $263,950,000 after purchasing an additional 1,476,135 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Remove Ads

Wall Street Analyst Weigh In

Several analysts have weighed in on IBKR shares. Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Barclays dropped their price target on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a report on Monday, April 7th. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday. UBS Group raised their target price 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, Citigroup reduced 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 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, the company has an average rating of "Moderate Buy" and an average price target of $195.88.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded up $3.01 during mid-day trading on Monday, hitting $174.36. The company's stock had a trading volume of 306,429 shares, compared to its average volume of 2,233,505. Interactive Brokers Group, Inc. has a one year low of $103.69 and a one year high of $236.53. The company's fifty day simple moving average is $190.12 and its 200-day simple moving average is $180.97. The stock has a market cap of $73.68 billion, a price-to-earnings ratio of 24.70, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating 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 company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the business posted $1.52 EPS. Interactive Brokers Group's revenue was up 21.8% on a year-over-year basis. On average, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.57%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Insider Transactions at Interactive Brokers Group

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