National Bank of Canada FI Has $10.72 Million Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

National Bank of Canada FI lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 559.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,692 shares of the financial services provider's stock after acquiring an additional 51,482 shares during the quarter. National Bank of Canada FI's holdings in Interactive Brokers Group were worth $10,723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Interactive Brokers Group by 0.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider's stock valued at $559,821,000 after acquiring an additional 11,379 shares during the last quarter. Cantillon Capital Management LLC lifted its holdings in Interactive Brokers Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider's stock worth $599,917,000 after buying an additional 18,047 shares in the last quarter. State Street Corp increased its stake in shares of Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after buying an additional 52,911 shares during the last quarter. Geode Capital Management LLC raised its stake in Interactive Brokers Group by 5.4% during the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock valued at $287,921,000 after buying an additional 106,392 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in 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 purchasing an additional 1,476,135 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

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Interactive Brokers Group Trading Down 4.6 %

Shares of IBKR stock traded down $7.79 on Thursday, hitting $162.93. 1,488,741 shares of the stock were exchanged, compared to its average volume of 1,300,545. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The firm has a market capitalization of $68.85 billion, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The business has a 50-day moving average of $192.31 and a 200 day moving average of $180.22.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued 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. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.39 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the prior year, the firm earned $1.52 EPS. Interactive Brokers Group's quarterly revenue was up 21.8% compared to the same quarter last year. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

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

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, 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 purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.99% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on IBKR. Barclays dropped their target price on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a report on Monday. StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Thursday. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research report on Monday, January 13th. Piper Sandler reduced their price target on Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a report on Tuesday. Finally, UBS Group boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Interactive Brokers Group currently has a consensus rating of "Moderate Buy" and an average price target of $195.88.

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.