Nomura Asset Management Co. Ltd. Acquires Shares of 13,463 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Nomura Asset Management Co. Ltd. bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 13,463 shares of the financial services provider’s stock, valued at approximately $2,379,000.

A number of other institutional investors have also recently modified their holdings of the business. Norges Bank acquired a new stake in Interactive Brokers Group in the fourth quarter valued at approximately $229,316,000. Raymond James Financial Inc. acquired a new position in Interactive Brokers Group during the fourth quarter worth $120,046,000. Twin Tree Management LP lifted its holdings in Interactive Brokers Group by 492.8% during the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider’s stock valued at $40,130,000 after purchasing an additional 188,827 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at about $25,085,000. Finally, Amundi increased its stake in shares of Interactive Brokers Group by 748.1% during the fourth quarter. Amundi now owns 141,097 shares of the financial services provider’s stock worth $26,934,000 after purchasing an additional 124,461 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 0.7 %

Shares of IBKR opened at $174.31 on Thursday. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a market capitalization of $73.66 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.59 and a beta of 0.99. The firm has a 50-day moving average price of $200.34 and a 200 day moving average price of $179.42.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.22. The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. Equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.57%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IBKR shares. Citigroup lowered their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays boosted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group increased their price objective on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Finally, Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $203.50.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.99% of the company’s stock.

About Interactive Brokers Group

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.