Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stock Holdings Increased by Prudential PLC

Prudential PLC raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 158.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,430 shares of the financial services provider's stock after buying an additional 3,330 shares during the quarter. Prudential PLC's holdings in Interactive Brokers Group were worth $959,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in Interactive Brokers Group by 8,249.3% in 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 period. Norges Bank purchased a new stake in shares of Interactive Brokers Group during the 4th quarter valued at $229,316,000. Raymond James Financial Inc. acquired a new position in Interactive Brokers Group in the fourth quarter valued at $120,046,000. Geode Capital Management LLC grew its position in 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, Twin Tree Management LP increased its stake in Interactive Brokers Group by 492.8% during the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock worth $40,130,000 after acquiring an additional 188,827 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company's stock.

Insider Transactions at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the company's stock in a transaction dated Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company's stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Trading Up 4.3 %

IBKR stock traded up $7.04 during midday trading on Friday, hitting $171.35. 2,479,105 shares of the company's stock were exchanged, compared to its average volume of 1,318,240. The firm has a 50 day moving average price of $190.12 and a 200-day moving average price of $180.97. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The stock has a market capitalization of $72.41 billion, a price-to-earnings ratio of 24.27, 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 data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the business earned $1.52 EPS. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. On average, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.58%. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

Analysts Set New Price Targets

A number of research firms recently issued reports on IBKR. UBS Group increased their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods raised 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 note on Monday, January 13th. Piper Sandler decreased their price target on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Barclays reduced their price objective on Interactive Brokers Group from $231.00 to $188.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. Finally, StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $195.88.

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.