DnB Asset Management AS Makes New Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

DnB Asset Management AS bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, HoldingsChannel.com reports. The fund bought 1,416 shares of the financial services provider’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in Interactive Brokers Group during the 4th quarter valued at about $229,316,000. Raymond James Financial Inc. bought a new stake in shares of Interactive Brokers Group during the fourth quarter valued at approximately $120,046,000. Twin Tree Management LP raised its holdings in Interactive Brokers Group by 492.8% in the 4th quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider’s stock worth $40,130,000 after acquiring an additional 188,827 shares during the last quarter. Lord Abbett & CO. LLC bought a new position in Interactive Brokers Group in the 3rd quarter valued at approximately $25,085,000. Finally, Amundi boosted its stake in Interactive Brokers Group by 748.1% during the 4th quarter. Amundi now owns 141,097 shares of the financial services provider’s stock valued at $26,934,000 after purchasing an additional 124,461 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $174.31 on Thursday. The company has a market cap of $73.66 billion, a price-to-earnings ratio of 24.69, a PEG ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The firm has a fifty day moving average price of $200.34 and a 200-day moving average price of $179.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the business posted $1.52 earnings per share. The business’s quarterly revenue was up 21.8% on a year-over-year basis. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.57%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were acquired at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.99% of the company’s stock.

Analyst Ratings Changes

IBKR has been the subject of several recent analyst reports. Barclays boosted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Citigroup lowered their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a research note 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 note on Wednesday, January 22nd. Keefe, Bruyette & Woods increased their price objective on shares of 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, StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $203.50.

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.