Legal & General Group Plc Increases Stock Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Legal & General Group Plc lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 3.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,854 shares of the financial services provider’s stock after purchasing an additional 8,028 shares during the quarter. Legal & General Group Plc’s holdings in Interactive Brokers Group were worth $23,185,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of IBKR. Darwin Wealth Management LLC purchased a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $1,775,000. Raymond James Financial Services Advisors Inc. lifted its holdings in Interactive Brokers Group by 6.0% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 70,458 shares of the financial services provider’s stock valued at $6,099,000 after acquiring an additional 3,986 shares during the period. Invesco Ltd. boosted its position in shares of Interactive Brokers Group by 234.6% during 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of Interactive Brokers Group by 3.7% during the 3rd quarter. Principal Financial Group Inc. now owns 574,519 shares of the financial services provider’s stock worth $49,730,000 after purchasing an additional 20,491 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in shares of Interactive Brokers Group by 73.0% in the 3rd quarter. Victory Capital Management Inc. now owns 172,038 shares of the financial services provider’s stock valued at $14,892,000 after purchasing an additional 72,574 shares in the last quarter. 21.56% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Redburn Atlantic initiated coverage on shares of Interactive Brokers Group in a report on Friday, December 1st. They set a “buy” rating and a $100.00 price objective on the stock. UBS Group dropped their price target on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a research report on Tuesday, January 9th. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $88.00 to $102.00 in a research report on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.38.
View Our Latest Research Report on IBKR
Interactive Brokers Group Price Performance
Shares of NASDAQ IBKR opened at $109.10 on Wednesday. The company has a 50-day simple moving average of $97.01 and a 200-day simple moving average of $88.87. The company has a market cap of $45.93 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83. Interactive Brokers Group, Inc. has a 12 month low of $70.83 and a 12 month high of $112.50.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing the consensus estimate of $1.53 by ($0.01). The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share. On average, analysts anticipate that Interactive Brokers Group, Inc. will post 6.07 EPS for the current year.
Interactive Brokers Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Friday, March 1st will be paid a $0.10 dividend. The ex-dividend date is Thursday, February 29th. This represents a $0.40 annualized dividend and a yield of 0.37%. Interactive Brokers Group’s payout ratio is currently 7.07%.
Insider Buying and Selling
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now directly owns 113,770 shares of the company’s stock, valued at approximately $11,929,922.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Thomas Aj Frank sold 12,827 shares of the business’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $87.84, for a total transaction 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 approximately $53,056,062.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the transaction, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 520,027 shares of company stock worth $48,369,714. 3.21% of the stock is owned by company insiders.
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.
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