Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 70.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,137 shares of the financial services provider's stock after buying an additional 17,872 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Interactive Brokers Group were worth $7,621,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of IBKR. Contravisory Investment Management Inc. purchased a new stake in Interactive Brokers Group in the fourth quarter valued at $25,000. Versant Capital Management Inc increased its position in shares of Interactive Brokers Group by 66.4% during the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Interactive Brokers Group by 90.7% in the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 88 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Interactive Brokers Group by 100.0% in the 4th quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider's stock valued at $35,000 after purchasing an additional 100 shares during the period. Finally, UMB Bank n.a. grew its stake in Interactive Brokers Group by 350.0% during the 3rd quarter. UMB Bank n.a. now owns 288 shares of the financial services provider's stock worth $40,000 after buying an additional 224 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 2.1 %

Shares of Interactive Brokers Group stock traded down $4.72 on Tuesday, reaching $221.47. 1,434,322 shares of the stock were exchanged, compared to its average volume of 1,761,952. The firm has a market capitalization of $93.58 billion, a PE ratio of 31.37, a PEG ratio of 1.62 and a beta of 0.89. Interactive Brokers Group, Inc. has a 1-year low of $97.75 and a 1-year high of $235.29. The business has a fifty day moving average price of $193.60 and a two-hundred day moving average price of $161.69.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.37 billion. During the same quarter in the previous year, the firm posted $1.52 EPS. The firm's quarterly revenue was up 21.8% on a year-over-year basis. Research analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.45%. Interactive Brokers Group's payout ratio is currently 14.16%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Piper Sandler reiterated an "overweight" rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Citigroup upped their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research report on Friday, January 10th. The Goldman Sachs Group raised their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods raised their price target 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. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus price target of $204.13.

Insider Transactions at Interactive Brokers Group

In other news, Director Jill Bright purchased 135 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.21% 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.