Norges Bank Purchases Shares of 5,138,107 Interactive Brokers Group, Inc. $IBKR

Norges Bank purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,138,107 shares of the financial services provider’s stock, valued at approximately $284,703,000. Norges Bank owned approximately 0.30% of Interactive Brokers Group as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC grew its holdings in Interactive Brokers Group by 327.5% in the second quarter. Measured Wealth Private Client Group LLC now owns 12,876 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 9,864 shares during the last quarter. Virtue Capital Management LLC lifted its holdings in shares of Interactive Brokers Group by 263.7% during the 2nd quarter. Virtue Capital Management LLC now owns 29,800 shares of the financial services provider’s stock valued at $1,651,000 after purchasing an additional 21,607 shares during the last quarter. Scotia Capital Inc. boosted its position in shares of Interactive Brokers Group by 237.9% in the 2nd quarter. Scotia Capital Inc. now owns 148,509 shares of the financial services provider’s stock worth $8,229,000 after purchasing an additional 104,556 shares in the last quarter. Hsbc Holdings PLC grew its stake in Interactive Brokers Group by 191.1% during the 2nd quarter. Hsbc Holdings PLC now owns 194,555 shares of the financial services provider’s stock worth $10,709,000 after buying an additional 127,732 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Interactive Brokers Group by 286.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,734 shares of the financial services provider’s stock valued at $429,000 after buying an additional 5,734 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $64.73, for a total value of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares in the company, valued at approximately $10,289,092.42. This represents a 42.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lawrence E. Harris sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the sale, the director directly owned 231,704 shares in the company, valued at $15,670,141.52. The trade was a 8.67% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,026,711 shares of company stock valued at $65,238,880 over the last three months. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $65.02 on Monday. The stock has a market cap of $110.27 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 2.16 and a beta of 1.22. The firm has a fifty day moving average price of $67.73 and a 200 day moving average price of $61.90. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. The company had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm’s revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.61 earnings per share. As a group, equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.38%.

Analysts Set New Price Targets

IBKR has been the topic of several recent analyst reports. CICC Research initiated coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Interactive Brokers Group in a report on Tuesday, November 25th. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. Finally, Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Company Profile

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.