Rovida Investment Management Ltd Acquires New Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Rovida Investment Management Ltd bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 100,000 shares of the financial services provider’s stock, valued at approximately $17,652,000. Interactive Brokers Group accounts for about 5.5% of Rovida Investment Management Ltd’s holdings, making the stock its 5th biggest holding.

A number of other institutional investors have also made changes to their positions in IBKR. Donoghue Forlines LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $2,088,000. Union Bancaire Privee UBP SA acquired a new position in Interactive Brokers Group during the fourth quarter worth $3,750,000. Friedenthal Financial purchased a new position in shares of Interactive Brokers Group during the fourth quarter worth $775,000. New Millennium Group LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at $2,319,000. Finally, Caldwell Investment Management Ltd. purchased a new stake in shares of Interactive Brokers Group in the 4th quarter valued at $1,215,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IBKR has been the subject of a number of research analyst reports. Barclays raised their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Citigroup raised 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. StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Finally, UBS Group boosted their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Trading Up 3.8 %

Shares of IBKR opened at $179.94 on Tuesday. The firm has a market capitalization of $76.04 billion, a price-to-earnings ratio of 25.49, a PEG ratio of 1.59 and a beta of 0.99. The firm’s fifty day simple moving average is $203.13 and its 200-day simple moving average is $177.47. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53.

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 analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. Interactive Brokers Group’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period last year, the firm earned $1.52 earnings per share. On average, analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.56%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is 14.16%.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright bought 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.99% of the stock is currently owned by corporate insiders.

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.