Handelsbanken Fonder AB Boosts Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Handelsbanken Fonder AB boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 40.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,615 shares of the financial services provider’s stock after buying an additional 13,307 shares during the quarter. Handelsbanken Fonder AB’s holdings in Interactive Brokers Group were worth $8,235,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the fourth quarter valued at $25,000. SRH Advisors LLC purchased a new position in Interactive Brokers Group in the fourth quarter valued at $28,000. Versant Capital Management Inc increased its holdings in Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Blue Trust Inc. increased its holdings in Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock valued at $33,000 after buying an additional 88 shares during the last quarter. Finally, Harbor Investment Advisory LLC increased its holdings in Interactive Brokers Group by 100.0% in the fourth quarter. Harbor Investment Advisory LLC now owns 200 shares of the financial services provider’s stock valued at $35,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays upped their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Keefe, Bruyette & Woods upped their price objective on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up previously 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 hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Insider Buying and Selling

In other news, Director Jill Bright purchased 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 completion of the acquisition, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.21% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $218.68 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The company has a market capitalization of $92.40 billion, a price-to-earnings ratio of 30.97, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89. The firm has a 50-day simple moving average of $201.39 and a 200-day simple moving average of $167.81.

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

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.46%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Interactive Brokers Group 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.