Asset Management One Co. Ltd. Increases Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Asset Management One Co. Ltd. raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 22.2% in the fourth quarter, Holdings Channel reports. The firm owned 744 shares of the financial services provider’s stock after acquiring an additional 135 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Interactive Brokers Group were worth $62,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC increased its stake in Interactive Brokers Group by 74.8% during the 4th quarter. DAVENPORT & Co LLC now owns 4,960 shares of the financial services provider’s stock valued at $411,000 after purchasing an additional 2,123 shares in the last quarter. Ellsworth Advisors LLC bought a new stake in Interactive Brokers Group during the 4th quarter valued at about $4,148,000. Assenagon Asset Management S.A. increased its stake in Interactive Brokers Group by 254.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 244,099 shares of the financial services provider’s stock valued at $20,236,000 after purchasing an additional 175,194 shares in the last quarter. Pacer Advisors Inc. increased its stake in Interactive Brokers Group by 62.7% during the 4th quarter. Pacer Advisors Inc. now owns 20,075 shares of the financial services provider’s stock valued at $1,664,000 after purchasing an additional 7,735 shares in the last quarter. Finally, Portside Wealth Group LLC increased its stake in Interactive Brokers Group by 11.1% during the 4th quarter. Portside Wealth Group LLC now owns 11,134 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 1,112 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.
Insider Transactions at Interactive Brokers Group
In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, the insider now owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman Earl H. Nemser sold 5,000 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now owns 113,770 shares in the company, valued at $11,929,922.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Thomas Aj Frank sold 13,189 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $87.63, for a total transaction of $1,155,752.07. Following the completion of the sale, the insider now owns 525,421 shares in the company, valued at approximately $46,042,642.23. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 454,989 shares of company stock valued at $42,696,367. 3.21% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
A number of brokerages have recently commented on IBKR. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. UBS Group reduced their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research note on Tuesday, January 9th. Barclays lifted their price target on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Finally, Citigroup lifted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday. 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $118.13.
Check Out Our Latest Report on IBKR
Interactive Brokers Group Trading Down 1.6 %
IBKR opened at $110.39 on Monday. The company has a market cap of $46.48 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.28 and a beta of 0.83. The company’s 50 day moving average is $107.32 and its 200 day moving average is $92.14. Interactive Brokers Group, Inc. has a 12-month low of $70.83 and a 12-month high of $116.92.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the prior year, the firm earned $1.30 EPS. Interactive Brokers Group’s revenue for the quarter was up 16.7% compared to the same quarter last year. As a group, analysts predict that Interactive Brokers Group, Inc. will post 6.32 EPS for the current fiscal year.
Interactive Brokers Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 7.07%.
About Interactive Brokers Group
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.
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