Geode Capital Management LLC Boosts Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Geode Capital Management LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,259,032 shares of the financial services provider’s stock after purchasing an additional 193,497 shares during the period. Geode Capital Management LLC’s holdings in Interactive Brokers Group were worth $399,205,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Nemes Rush Group LLC boosted its holdings in shares of Interactive Brokers Group by 258.7% in the fourth quarter. Nemes Rush Group LLC now owns 1,320 shares of the financial services provider’s stock worth $233,000 after buying an additional 952 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Interactive Brokers Group by 559.0% during the 4th quarter. National Bank of Canada FI now owns 60,692 shares of the financial services provider’s stock worth $10,723,000 after acquiring an additional 51,482 shares during the last quarter. HighPoint Advisor Group LLC grew its position in shares of Interactive Brokers Group by 28.8% during the 4th quarter. HighPoint Advisor Group LLC now owns 3,588 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 803 shares during the period. Franklin Resources Inc. increased its stake in shares of Interactive Brokers Group by 512.5% in the 4th quarter. Franklin Resources Inc. now owns 8,556 shares of the financial services provider’s stock worth $1,512,000 after purchasing an additional 7,159 shares in the last quarter. Finally, Summit Financial LLC bought a new position in Interactive Brokers Group in the 4th quarter worth $257,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $146.08 on Friday. The company has a market cap of $61.73 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The firm’s fifty day moving average is $197.90 and its two-hundred day moving average is $179.41.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results 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 the consensus estimate of $1.37 billion. During the same period in the previous year, the business earned $1.52 earnings per share. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Ratings Changes

A number of analysts have commented on IBKR shares. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a report on Wednesday. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Barclays raised their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Citigroup dropped their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $203.50.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.99% of the stock is currently owned by insiders.

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.