Brokers

Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by Vanguard Group Inc.


Vanguard Group Inc. raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 3.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,566,830 shares of the financial services provider’s stock after purchasing an additional 308,236 shares during the quarter. Vanguard Group Inc. owned 2.27% of Interactive Brokers Group worth $828,105,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $97,717,000. FMR LLC lifted its holdings in shares of Interactive Brokers Group by 211.7% in the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock worth $153,517,000 after purchasing an additional 1,204,573 shares during the last quarter. Marshall Wace LLP lifted its holdings in shares of Interactive Brokers Group by 34.0% in the 2nd quarter. Marshall Wace LLP now owns 2,447,539 shares of the financial services provider’s stock worth $203,317,000 after purchasing an additional 620,796 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Interactive Brokers Group by 234.6% in the 3rd quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after purchasing an additional 397,729 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Interactive Brokers Group by 26.0% in the 1st quarter. Bank of America Corp DE now owns 1,857,963 shares of the financial services provider’s stock worth $153,393,000 after purchasing an additional 383,027 shares during the last quarter. Institutional investors and hedge funds own 21.56% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In other news, insider Thomas Aj Frank sold 12,827 shares of the stock in a transaction that occurred on Friday, January 5th. The shares were sold at an average price of $87.84, for a total value of $1,126,723.68. Following the completion of the sale, the insider now directly owns 604,008 shares of the company’s stock, valued at $53,056,062.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $95.71, for a total value of $2,467,595.22. Following the transaction, the insider now owns 208,770 shares in the company, valued at $19,981,376.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Thomas Aj Frank sold 12,827 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $87.84, for a total value of $1,126,723.68. Following the completion of the transaction, the insider now owns 604,008 shares in the company, valued at approximately $53,056,062.72. The disclosure for this sale can be found here. Insiders sold 520,027 shares of company stock valued at $48,369,714 over the last three months. 3.21% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $108.80 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $112.50. The stock has a market cap of $45.81 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83. The business’s fifty day moving average is $99.98 and its 200-day moving average is $89.68.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The business’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 earnings per share. Equities research analysts predict that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is 7.07%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on IBKR shares. Redburn Atlantic started coverage on Interactive Brokers Group in a report on Friday, December 1st. They issued a “buy” rating and a $100.00 price target on the stock. UBS Group cut their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.38.

Check Out Our Latest Stock Analysis on IBKR

Interactive Brokers Group Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)



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