Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by JARISLOWSKY FRASER Ltd

JARISLOWSKY FRASER Ltd reduced its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,811,804 shares of the financial services provider’s stock after selling 16,269 shares during the quarter. JARISLOWSKY FRASER Ltd owned 0.43% of Interactive Brokers Group worth $150,198,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Interactive Brokers Group by 211.7% during the 3rd quarter. FMR LLC now owns 1,773,533 shares of the financial services provider’s stock valued at $153,517,000 after purchasing an additional 1,204,573 shares during the period. Norges Bank acquired a new position in shares of Interactive Brokers Group during the 4th quarter valued at $97,476,000. Invesco Ltd. increased its position in shares of Interactive Brokers Group by 234.6% during the 3rd quarter. Invesco Ltd. now owns 567,283 shares of the financial services provider’s stock valued at $49,104,000 after purchasing an additional 397,729 shares during the period. Vanguard Group Inc. increased its position in shares of Interactive Brokers Group by 3.3% during the 3rd quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock valued at $828,105,000 after purchasing an additional 308,236 shares during the period. Finally, Polar Capital Holdings Plc acquired a new position in shares of Interactive Brokers Group during the 3rd quarter valued at $18,025,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Stock Up 2.9 %

Shares of Interactive Brokers Group stock traded up $3.58 during midday trading on Monday, hitting $128.00. The company’s stock had a trading volume of 660,500 shares, compared to its average volume of 1,098,474. The firm has a market capitalization of $53.90 billion, a P/E ratio of 21.88, a PEG ratio of 1.29 and a beta of 0.81. The stock has a 50-day simple moving average of $115.55 and a 200-day simple moving average of $99.54. Interactive Brokers Group, Inc. has a 1-year low of $72.60 and a 1-year high of $128.18.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.63 by $0.01. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.49 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.25 dividend. The ex-dividend date is Friday, May 31st. This represents a $1.00 dividend on an annualized basis and a yield of 0.78%. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s payout ratio is 17.09%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. Piper Sandler lifted their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Bank of America lifted their target price on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Citigroup lifted their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, April 11th. Finally, Jefferies Financial Group lifted their target price on Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

Read Our Latest Research Report on IBKR

About Interactive Brokers Group

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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