Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Holdings in Interactive Brokers Group, Inc. $IBKR

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,700 shares of the financial services provider’s stock after purchasing an additional 18,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Interactive Brokers Group were worth $6,154,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IBKR. Vanguard Group Inc. boosted its position in Interactive Brokers Group by 26.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock worth $3,637,234,000 after purchasing an additional 11,048,679 shares during the period. Norges Bank purchased a new position in Interactive Brokers Group in the 4th quarter valued at about $453,146,000. Orbis Allan Gray Ltd boosted its position in Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after buying an additional 6,246,715 shares during the last quarter. Bank of America Corp DE boosted its position in Interactive Brokers Group by 225.4% in the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after buying an additional 5,260,923 shares during the last quarter. Finally, State Street Corp boosted its position in Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after buying an additional 3,517,729 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group set a $98.00 price objective on shares of Interactive Brokers Group in a research report on Friday, May 1st. Jefferies Financial Group decreased their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. BMO Capital Markets upped their price target 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. Finally, Piper Sandler upped 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. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $83.25.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated 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 sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $84.40 on Monday. The firm has a market cap of $143.17 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.32. The firm’s 50-day simple moving average is $79.02 and its 200-day simple moving average is $72.65. Interactive Brokers Group, Inc. has a 1 year low of $49.15 and a 1 year high of $91.02.

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

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be paid a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.

About Interactive Brokers Group

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.