Swiss National Bank Increases Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Swiss National Bank grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 215,400 shares of the financial services provider's stock after acquiring an additional 16,700 shares during the period. Swiss National Bank owned about 0.05% of Interactive Brokers Group worth $38,055,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth about $25,000. SRH Advisors LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth about $28,000. Versant Capital Management Inc raised its position in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after acquiring an additional 71 shares during the period. Blue Trust Inc. raised its position in shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after acquiring an additional 88 shares during the period. Finally, Rialto Wealth Management LLC acquired a new position in shares of Interactive Brokers Group in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were bought at an average cost 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 $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.99% of the stock is owned by company insiders.

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Interactive Brokers Group Price Performance

Shares of IBKR stock traded down $2.29 during trading hours on Thursday, hitting $175.86. The company had a trading volume of 1,813,155 shares, compared to its average volume of 1,162,855. The company's fifty day moving average is $203.73 and its 200 day moving average is $176.08. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The stock has a market capitalization of $74.31 billion, a PE ratio of 24.91, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS 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 firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business posted $1.52 EPS. The business's revenue for the quarter was up 21.8% compared to the same quarter last year. Equities analysts forecast 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 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 was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Interactive Brokers Group's dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

IBKR has been the subject of a number of research reports. Keefe, Bruyette & Woods boosted 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 note on Monday, January 13th. The Goldman Sachs Group boosted their target price on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research note on Tuesday, December 3rd. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Monday. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a "buy" rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of "Moderate Buy" and an average target price of $204.13.

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.