Zurcher Kantonalbank Zurich Cantonalbank Has $5.12 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 24.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,989 shares of the financial services provider's stock after acquiring an additional 5,739 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Interactive Brokers Group were worth $5,121,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Interactive Brokers Group in the 4th quarter valued at $120,046,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Interactive Brokers Group in the third quarter valued at about $83,630,000. Lord Abbett & CO. LLC acquired a new position in Interactive Brokers Group during the 3rd quarter worth about $25,085,000. Bamco Inc. NY increased its position in Interactive Brokers Group by 16.3% in the 3rd quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider's stock valued at $127,181,000 after acquiring an additional 127,640 shares in the last quarter. Finally, Progeny 3 Inc. acquired a new stake in Interactive Brokers Group in the 3rd quarter valued at about $17,699,000. 23.80% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright acquired 135 shares of the company's stock in a transaction that occurred on 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 completion of 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.99% of the stock is owned by corporate insiders.

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Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com cut shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Monday. Barclays increased their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. UBS Group boosted their target price on 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 price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.13.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR traded down $1.71 during mid-day trading on Tuesday, hitting $172.69. The company had a trading volume of 1,550,218 shares, compared to its average volume of 1,156,324. The firm has a market cap of $72.97 billion, a P/E ratio of 24.46, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The business's fifty day moving average is $204.36 and its two-hundred day moving average is $175.76.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the firm earned $1.52 EPS. Interactive Brokers Group's quarterly revenue 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 company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group's dividend payout ratio (DPR) is 14.16%.

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.