Allspring Global Investments Holdings LLC Has $46 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Allspring Global Investments Holdings LLC increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 684,230 shares of the financial services provider’s stock after acquiring an additional 30,738 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Interactive Brokers Group were worth $46,001,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of Interactive Brokers Group during the 3rd quarter worth approximately $27,000. N.E.W. Advisory Services LLC boosted its holdings in shares of Interactive Brokers Group by 300.0% in the 2nd quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after buying an additional 474 shares during the last quarter. Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group in the second quarter valued at $44,000. Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group in the second quarter valued at $45,000. Finally, Close Asset Management Ltd acquired a new position in Interactive Brokers Group during the third quarter worth $60,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IBKR. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Price Performance

IBKR stock opened at $67.91 on Thursday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The stock has a market cap of $115.20 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25. The company has a fifty day moving average price of $71.32 and a two-hundred day moving average price of $68.73.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company’s revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.51 earnings per share. Research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Insider Transactions at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 400,000 shares of company stock worth $30,725,122 in the last three months. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.