National Bank of Canada FI raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Get Rating) by 25.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 357,771 shares of the financial services provider’s stock after purchasing an additional 72,374 shares during the quarter. National Bank of Canada FI owned 0.09% of Interactive Brokers Group worth $25,884,000 as of its most recent filing with the Securities and Exchange Commission.
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Other institutional investors also recently added to or reduced their stakes in the company. Wipfli Financial Advisors LLC purchased a new stake in Interactive Brokers Group in the 3rd quarter valued at approximately $28,000. Fifth Third Bancorp boosted its stake in shares of Interactive Brokers Group by 40.2% during the 3rd quarter. Fifth Third Bancorp now owns 509 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 146 shares in the last quarter. Eagle Bay Advisors LLC purchased a new stake in shares of Interactive Brokers Group during the 2nd quarter worth approximately $31,000. Quadrant Capital Group LLC boosted its stake in shares of Interactive Brokers Group by 180.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 743 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 478 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Interactive Brokers Group by 20.5% during the 3rd quarter. CWM LLC now owns 787 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 97.84% of the company’s stock.
Interactive Brokers Group Stock Performance
Shares of IBKR opened at $82.56 on Monday. The stock has a fifty day moving average of $83.03 and a two-hundred day moving average of $77.00. The company has a market capitalization of $34.64 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 0.59 and a beta of 0.79. Interactive Brokers Group, Inc. has a fifty-two week low of $52.18 and a fifty-two week high of $90.19.
Interactive Brokers Group (NASDAQ:IBKR – Get Rating) last issued its quarterly earnings results on Tuesday, January 17th. The financial services provider reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.14. The company had revenue of $976.00 million during the quarter, compared to the consensus estimate of $926.75 million. Interactive Brokers Group had a return on equity of 3.77% and a net margin of 9.30%. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 5.51 earnings per share for the current fiscal year.
Interactive Brokers Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 14th. Stockholders of record on Wednesday, March 1st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 28th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.48%. Interactive Brokers Group’s payout ratio is 10.70%.
Insider Transactions at Interactive Brokers Group
In other news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $75.71, for a total transaction of $1,514,200.00. Following the completion of the sale, the chairman now directly owns 1,836,105 shares in the company, valued at approximately $139,011,509.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 160,000 shares of company stock worth $12,393,800 in the last ninety days. Insiders own 3.34% of the company’s stock.
Analyst Ratings Changes
IBKR has been the subject of several research reports. Barclays lifted their price objective on Interactive Brokers Group from $96.00 to $102.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 22nd. Jefferies Financial Group lifted their price objective on Interactive Brokers Group from $91.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. Finally, StockNews.com began coverage on Interactive Brokers Group in a research report on Thursday, March 16th. They set a “hold” rating for the company. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $97.17.
Interactive Brokers Group Company Profile
Interactive Brokers Group, Inc operates as an investment holding company, which engages in broker or dealer and proprietary trading businesses. It operates through the following segments: Electronic Brokerage and Corporate. The Electronic Brokerage segment is a direct market access broker, which serves the customers of both traditional brokers and prime brokers.
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