1,297,989 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Bought by Norges Bank

Norges Bank acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 1,297,989 shares of the financial services provider’s stock, valued at approximately $229,316,000.

Several other large investors also recently modified their holdings of IBKR. JPMorgan Chase & Co. boosted its holdings in 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 boosted its stake in shares of Interactive Brokers Group by 0.5% during the 4th quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock valued at $599,917,000 after buying an additional 18,047 shares during the last quarter. State Street Corp grew its position in shares of Interactive Brokers Group by 1.7% during the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock worth $449,037,000 after buying an additional 52,911 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock worth $287,921,000 after buying an additional 106,392 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Interactive Brokers Group by 12.2% in the third quarter. FMR LLC now owns 1,094,598 shares of the financial services provider’s stock worth $152,543,000 after buying an additional 119,187 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, 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 legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.99% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, January 10th. 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 note on Wednesday, January 22nd. StockNews.com upgraded Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, The Goldman Sachs Group upped their price target on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Two research analysts have 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 presently has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $164.72 on Monday. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The firm has a market capitalization of $69.61 billion, a PE ratio of 23.33, a P/E/G ratio of 1.59 and a beta of 0.99. The business’s fifty day moving average price is $201.93 and its two-hundred day moving average price is $178.85.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm posted $1.52 EPS. Interactive Brokers Group’s quarterly revenue was up 21.8% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed 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 yield of 0.61%. The ex-dividend date of this dividend was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

About Interactive Brokers Group

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.