Swiss National Bank Acquires 2,100 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)
Swiss National Bank increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,400 shares of the financial services provider’s stock after acquiring an additional 2,100 shares during the quarter. Swiss National Bank owned approximately 0.05% of Interactive Brokers Group worth $19,597,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter valued at about $31,000. Atlas Capital Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at about $40,000. Steward Partners Investment Advisory LLC lifted its position in shares of Interactive Brokers Group by 496.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 602 shares of the financial services provider’s stock valued at $44,000 after buying an additional 501 shares during the last quarter. Belpointe Asset Management LLC lifted its position in shares of Interactive Brokers Group by 64.5% during the first quarter. Belpointe Asset Management LLC now owns 579 shares of the financial services provider’s stock valued at $48,000 after buying an additional 227 shares during the last quarter. Finally, Dark Forest Capital Management LP purchased a new stake in shares of Interactive Brokers Group during the first quarter valued at about $49,000. 21.56% of the stock is owned by hedge funds and other institutional investors.
Interactive Brokers Group Price Performance
Shares of NASDAQ IBKR opened at $98.06 on Friday. The stock has a market capitalization of $41.28 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 0.88 and a beta of 0.80. Interactive Brokers Group, Inc. has a 12 month low of $70.83 and a 12 month high of $98.48. The firm’s 50 day simple moving average is $86.70 and its 200-day simple moving average is $86.48.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The firm had revenue of $1.14 billion for 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%. Interactive Brokers Group’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.30 EPS. Analysts anticipate that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Friday, March 1st will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Interactive Brokers Group’s dividend payout ratio (DPR) is 7.07%.
Analyst Ratings Changes
Several research firms have recently issued reports on IBKR. Barclays upped their price objective on shares of Interactive Brokers Group from $110.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. UBS Group cut their price objective on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a report on Tuesday, January 9th. Redburn Atlantic began 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. Finally, The Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $88.00 to $102.00 in a report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $110.38.
View Our Latest Research Report on IBKR
Insider Activity
In other news, insider Thomas Aj Frank sold 13,189 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $86.13, for a total transaction of $1,135,968.57. Following the transaction, the insider now owns 630,023 shares in the company, valued at approximately $54,263,880.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 13,189 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $86.13, for a total value of $1,135,968.57. Following the transaction, the insider now owns 630,023 shares in the company, valued at approximately $54,263,880.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Earl H. Nemser sold 25,782 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $95.71, for a total value of $2,467,595.22. Following the completion of the transaction, the insider now owns 208,770 shares in the company, valued at approximately $19,981,376.70. The disclosure for this sale can be found here. Insiders have sold 455,027 shares of company stock worth $41,756,614 in the last quarter. Corporate insiders own 3.34% of the company’s stock.
Interactive Brokers Group Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
See Also
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:IBKR – Free Report).
Receive News & Ratings for Interactive Brokers Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Interactive Brokers Group and related companies with MarketBeat.com’s FREE daily email newsletter.
