International Assets Investment Management LLC Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
International Assets Investment Management LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 94,589 shares of the financial services provider’s stock, valued at approximately $7,841,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Asset Management One Co. Ltd. grew its holdings in Interactive Brokers Group by 22.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 744 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 135 shares during the period. DAVENPORT & Co LLC grew its holdings in Interactive Brokers Group by 74.8% in the fourth quarter. DAVENPORT & Co LLC now owns 4,960 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 2,123 shares during the period. Ellsworth Advisors LLC purchased a new stake in Interactive Brokers Group in the fourth quarter worth about $4,148,000. Assenagon Asset Management S.A. grew its holdings in Interactive Brokers Group by 254.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 244,099 shares of the financial services provider’s stock worth $20,236,000 after purchasing an additional 175,194 shares during the period. Finally, Pacer Advisors Inc. lifted its stake in shares of Interactive Brokers Group by 62.7% in the fourth quarter. Pacer Advisors Inc. now owns 20,075 shares of the financial services provider’s stock worth $1,664,000 after buying an additional 7,735 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.
Interactive Brokers Group Stock Down 1.6 %
Shares of Interactive Brokers Group stock opened at $110.39 on Friday. The company has a market cap of $46.48 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 1.30 and a beta of 0.83. The company’s 50 day moving average is $107.32 and its 200 day moving average is $92.11. Interactive Brokers Group, Inc. has a twelve month low of $70.83 and a twelve month high of $116.92.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released 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 return on equity of 4.66% and a net margin of 7.72%. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business posted $1.30 earnings per share. The firm’s revenue was up 16.7% on a year-over-year basis. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 6.24 EPS for the current fiscal year.
Interactive Brokers Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Friday, March 1st were given a $0.10 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 0.36%. Interactive Brokers Group’s payout ratio is presently 7.07%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $88.00 to $102.00 in a research note on Tuesday, January 9th. Citigroup upped their target price 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. Piper Sandler upped their target price 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. UBS Group dropped their target price on shares of 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, Barclays increased their price objective on shares of Interactive Brokers Group from $117.00 to $132.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $118.13.
Get Our Latest Research Report on Interactive Brokers Group
Insiders Place Their Bets
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred 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 directly owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred 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 directly owns 113,770 shares in the company, valued at $11,929,922.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Thomas Aj Frank sold 12,917 shares of the stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $88.68, for a total transaction of $1,145,479.56. Following the completion of the transaction, the insider now owns 497,368 shares in the company, valued at $44,106,594.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 454,989 shares of company stock worth $42,696,367. Company insiders own 3.21% of the company’s stock.
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.
See Also
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