National Bank of Canada FI Raises Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
National Bank of Canada FI grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 176.5% during the fourth quarter, Holdings Channel reports. The fund owned 45,276 shares of the financial services provider’s stock after purchasing an additional 28,903 shares during the period. National Bank of Canada FI’s holdings in Interactive Brokers Group were worth $3,834,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in IBKR. Vanguard Group Inc. boosted its position in shares of Interactive Brokers Group by 3.3% during the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock valued at $828,105,000 after purchasing an additional 308,236 shares in the last quarter. Greenwich Wealth Management LLC boosted its holdings in shares of Interactive Brokers Group by 6.5% during the 3rd quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock valued at $269,882,000 after buying an additional 189,555 shares in the last quarter. FMR LLC grew its position 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 buying an additional 1,204,573 shares during the period. Bronte Capital Management Pty Ltd. increased its stake in shares of Interactive Brokers Group by 0.6% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 841,228 shares of the financial services provider’s stock worth $72,817,000 after acquiring an additional 4,777 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Interactive Brokers Group by 0.7% during the 3rd quarter. Northern Trust Corp now owns 733,695 shares of the financial services provider’s stock valued at $63,509,000 after acquiring an additional 5,163 shares during the period. Institutional investors own 23.80% of the company’s stock.
Interactive Brokers Group Trading Up 0.8 %
Shares of IBKR opened at $120.11 on Friday. The company has a market cap of $50.57 billion, a price-to-earnings ratio of 20.53, a P/E/G ratio of 1.20 and a beta of 0.81. The business’s fifty day simple moving average is $112.53 and its two-hundred day simple moving average is $96.33. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $122.88.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its quarterly earnings results on Tuesday, April 16th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. As a group, research analysts forecast that Interactive Brokers Group, Inc. will post 6.49 EPS for the current year.
Interactive Brokers Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 6.84%.
Analyst Upgrades and Downgrades
IBKR has been the topic of a number of recent research reports. Jefferies Financial Group upped their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Bank of America upped their price target on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday, April 17th. Citigroup lifted their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Barclays increased their target price on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 17th. Finally, Piper Sandler raised their price target on Interactive Brokers Group from $105.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.00.
Read Our Latest Stock Report on Interactive Brokers Group
Insider Transactions at Interactive Brokers Group
In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the transaction, the insider now owns 123,770 shares in the company, valued at $12,813,908.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 10,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the sale, the insider now owns 123,770 shares in the company, valued at $12,813,908.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction dated Wednesday, February 21st. The shares were 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 approximately $11,929,922.20. The disclosure for this sale can be found here. Insiders sold 65,000 shares of company stock worth $6,613,100 over the last three months. 3.21% of the stock is currently owned by company insiders.
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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