Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Purchased by National Bank of Canada FI

National Bank of Canada FI raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 559.0% in the fourth quarter, Holdings Channel reports. The fund owned 60,692 shares of the financial services provider’s stock after buying an additional 51,482 shares during the period. National Bank of Canada FI’s holdings in Interactive Brokers Group were worth $10,723,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of IBKR. JPMorgan Chase & Co. increased its holdings in shares of Interactive Brokers Group by 0.3% in the third quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock valued at $559,821,000 after purchasing an additional 11,379 shares during the last quarter. Cantillon Capital Management LLC increased its stake in shares of Interactive Brokers Group by 0.5% in the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after acquiring an additional 18,047 shares during the last quarter. State Street Corp raised its holdings in shares of Interactive Brokers Group by 1.7% during the 3rd quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after acquiring an additional 52,911 shares during the period. Geode Capital Management LLC boosted its position in shares of Interactive Brokers Group by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after acquiring an additional 106,392 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider’s stock valued at $263,950,000 after purchasing an additional 1,476,135 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 135 shares of the business’s stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on IBKR shares. UBS Group lifted their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. StockNews.com lowered shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. Citigroup lowered their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods lifted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $203.50.

Interactive Brokers Group Trading Down 8.4 %

IBKR stock opened at $146.08 on Friday. The business’s fifty day moving average price is $197.90 and its 200 day moving average price is $179.41. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The company has a market capitalization of $61.73 billion, a PE ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. 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 prior year, the firm earned $1.52 earnings per share. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. Research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.