Rovida Investment Management Ltd Purchases Shares of 100,000 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Rovida Investment Management Ltd bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 100,000 shares of the financial services provider's stock, valued at approximately $17,652,000. Interactive Brokers Group comprises 5.5% of Rovida Investment Management Ltd's portfolio, making the stock its 5th largest holding.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position 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 buying an additional 11,379 shares during the last quarter. Cantillon Capital Management LLC lifted its position in shares of Interactive Brokers Group by 0.5% during 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 purchasing an additional 18,047 shares in the last quarter. State Street Corp grew its position in Interactive Brokers Group by 1.7% in the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider's stock worth $449,037,000 after purchasing an additional 52,911 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider's stock worth $287,921,000 after buying an additional 106,392 shares in the last quarter. Finally, FMR LLC increased its position in shares of Interactive Brokers Group by 12.2% during the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider's stock valued at $152,543,000 after acquiring an additional 119,187 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

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Analyst Ratings Changes

IBKR has been the subject of a number of research reports. UBS Group increased their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a "buy" rating in a report on Friday, January 10th. StockNews.com raised Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Barclays upped their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of "Moderate Buy" and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 2.5 %

Shares of NASDAQ IBKR traded down $4.28 during trading on Friday, reaching $164.72. The company had a trading volume of 2,372,708 shares, compared to its average volume of 1,235,632. The business's 50-day moving average is $201.93 and its 200 day moving average is $178.45. The stock has a market cap of $69.61 billion, a PE ratio of 23.33, a P/E/G ratio of 1.59 and a beta of 0.99. 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 posted 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 firm 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 revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group's payout ratio is currently 14.16%.

Insiders Place Their Bets

In other news, Director Jill Bright purchased 135 shares of the company'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 $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.99% of the company's stock.

Interactive Brokers Group Company 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.