Nomura Asset Management Co. Ltd. Acquires Shares of 13,463 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Nomura Asset Management Co. Ltd. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,463 shares of the financial services provider's stock, valued at approximately $2,379,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Donoghue Forlines LLC purchased a new stake in Interactive Brokers Group during the 4th quarter worth about $2,088,000. Union Bancaire Privee UBP SA bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at about $3,750,000. Friedenthal Financial purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $775,000. New Millennium Group LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new position in Interactive Brokers Group during the fourth quarter valued at approximately $1,215,000. 23.80% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Interactive Brokers Group 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 cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.99% of the stock is owned by corporate insiders.

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Interactive Brokers Group Trading Down 1.2 %

Shares of IBKR traded down $1.79 during midday trading on Monday, reaching $144.29. The stock had a trading volume of 4,708,098 shares, compared to its average volume of 1,272,259. The company has a market capitalization of $60.97 billion, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 1.59 and a beta of 1.02. The company's 50-day moving average is $196.71 and its 200 day moving average is $180.17. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53.

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

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

Analysts Set New Price Targets

Several brokerages have commented on IBKR. Barclays cut their price target on shares of Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating for the company in a report on Monday. Citigroup dropped their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods upped their target price on 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. UBS Group boosted their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Finally, Piper Sandler restated an "overweight" rating and issued a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $198.13.

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.