Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Lifted by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 8,249.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,494,029 shares of the financial services provider's stock after buying an additional 1,476,135 shares during the period. Wellington Management Group LLP owned about 0.35% of Interactive Brokers Group worth $263,950,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its holdings in shares of Interactive Brokers Group by 30.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 11,167 shares of the financial services provider's stock valued at $1,973,000 after acquiring an additional 2,596 shares in the last quarter. Mawer Investment Management Ltd. boosted its position in shares of Interactive Brokers Group by 9.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 127,998 shares of the financial services provider's stock worth $22,613,000 after buying an additional 10,941 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Interactive Brokers Group in the fourth quarter worth about $12,015,000. Maridea Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $747,000. Finally, Brown Brothers Harriman & Co. raised its holdings in shares of Interactive Brokers Group by 5.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 7,807 shares of the financial services provider's stock valued at $1,379,000 after buying an additional 386 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

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Interactive Brokers Group Stock Down 8.4 %

Shares of IBKR traded down $13.40 during midday trading on Friday, hitting $146.08. The company had a trading volume of 2,976,311 shares, compared to its average volume of 1,258,463. The stock has a market cap of $61.73 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 1.59 and a beta of 1.02. The company's 50 day moving average price is $197.90 and its 200 day moving average price is $180.09. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53.

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, beating 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 firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the company earned $1.52 earnings per share. Interactive Brokers Group's quarterly revenue was up 21.8% on a year-over-year basis. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors 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 0.68%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the company's stock in a transaction on Friday, January 31st. The shares were bought at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. 2.99% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on IBKR shares. Barclays increased 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 report on Wednesday, January 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods boosted their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. StockNews.com downgraded Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Wednesday. Finally, UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $203.50.

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.