Pacer Advisors Inc. Purchases 7,735 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Pacer Advisors Inc. boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 62.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,075 shares of the financial services provider’s stock after acquiring an additional 7,735 shares during the period. Pacer Advisors Inc.’s holdings in Interactive Brokers Group were worth $1,664,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in Interactive Brokers Group in the third quarter valued at about $1,775,000. Teachers Retirement System of The State of Kentucky boosted its holdings in Interactive Brokers Group by 93.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 35,170 shares of the financial services provider’s stock valued at $3,044,000 after acquiring an additional 16,996 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted 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 last quarter. Invesco Ltd. boosted its holdings in Interactive Brokers Group by 234.6% during the third quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock worth $49,104,000 after buying an additional 397,729 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in 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 worth $828,105,000 after buying an additional 308,236 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.
Analyst Ratings Changes
IBKR has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded Interactive Brokers Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. UBS Group reduced their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.38.
Check Out Our Latest Stock Report on IBKR
Insider Activity
In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Vice Chairman Earl H. Nemser sold 74,218 shares of Interactive Brokers Group stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group 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 completion of the sale, 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 have sold 520,027 shares of company stock worth $48,369,714 in the last 90 days. Corporate insiders own 3.21% of the company’s stock.
Interactive Brokers Group Price Performance
NASDAQ:IBKR opened at $111.71 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $70.83 and a fifty-two week high of $112.50. The stock has a market capitalization of $47.03 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.03 and a beta of 0.83. The business’s 50-day simple moving average is $103.04 and its 200-day simple moving average is $90.51.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm earned $1.30 EPS. The company’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, research analysts expect that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current year.
Interactive Brokers Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were issued a dividend of $0.10 per share. 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%.
Interactive Brokers Group Company 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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