Sumitomo Mitsui DS Asset Management Company Ltd Purchases 17,872 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 70.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,137 shares of the financial services provider’s stock after purchasing an additional 17,872 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Interactive Brokers Group were worth $7,621,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bleakley Financial Group LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $244,000. Meadow Creek Wealth Advisors LLC bought a new position in Interactive Brokers Group in the fourth quarter valued at about $232,000. Choreo LLC grew its position in Interactive Brokers Group by 12.9% in the fourth quarter. Choreo LLC now owns 1,668 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 190 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in Interactive Brokers Group during the fourth quarter worth about $548,000. Finally, Stratos Investment Management LLC bought a new position in shares of Interactive Brokers Group in the fourth quarter worth about $225,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their price target on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. Citigroup upped their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Get Our Latest Research Report on Interactive Brokers Group

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Trading Up 1.3 %

Shares of IBKR opened at $231.14 on Friday. The stock’s 50-day moving average price is $192.09 and its two-hundred day moving average price is $159.65. Interactive Brokers Group, Inc. has a 12 month low of $94.45 and a 12 month high of $235.29. The company has a market capitalization of $97.66 billion, a PE ratio of 32.74, a PEG ratio of 1.54 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period in the previous year, the firm earned $1.52 earnings per share. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Interactive Brokers Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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