BI Asset Management Fondsmaeglerselskab A S Buys 10,502 Shares of Interactive Brokers Group, Inc. $IBKR

BI Asset Management Fondsmaeglerselskab A S boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 84.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,955 shares of the financial services provider’s stock after purchasing an additional 10,502 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Interactive Brokers Group were worth $1,540,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Crocodile Capital Partners GmbH purchased a new stake in Interactive Brokers Group during the fourth quarter valued at $12,041,000. OFI Invest Asset Management purchased a new position in Interactive Brokers Group in the fourth quarter worth about $22,356,000. Covenant Asset Management LLC purchased a new position in Interactive Brokers Group in the fourth quarter worth about $3,028,000. Leonteq Securities AG bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $1,746,000. Finally, Successful Portfolios LLC bought a new stake in shares of Interactive Brokers Group during the 4th quarter valued at about $1,431,000. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on IBKR shares. Jefferies Financial Group reduced their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Wolfe Research began coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target for the company. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research note on Friday, May 1st. Finally, BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $85.22.

Interactive Brokers Group Trading Down 2.0%

Shares of NASDAQ:IBKR opened at $92.79 on Thursday. Interactive Brokers Group, Inc. has a 12 month low of $51.83 and a 12 month high of $97.84. The firm’s 50-day moving average is $85.12 and its 200 day moving average is $75.24. The company has a market capitalization of $157.40 billion, a price-to-earnings ratio of 40.00, a PEG ratio of 2.62 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same period in the prior year, the business posted $1.94 earnings per share. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a $0.0875 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s payout ratio is currently 15.09%.

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.