DnB Asset Management AS Purchases Shares of 1,416 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

DnB Asset Management AS purchased 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 Securities and Exchange Commission (SEC). The firm purchased 1,416 shares of the financial services provider’s stock, valued at approximately $250,000.

Other hedge funds have also recently made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group in the 4th quarter worth $25,000. SRH Advisors LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at about $28,000. Versant Capital Management Inc grew its stake in shares of Interactive Brokers Group by 66.4% during 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 shares of Interactive Brokers Group by 90.7% in the fourth quarter. Blue Trust Inc. now owns 185 shares of the financial services provider’s stock worth $33,000 after buying an additional 88 shares during the period. Finally, Rialto Wealth Management LLC bought a new stake in shares of Interactive Brokers Group in the 4th quarter valued at about $33,000. 23.80% of the stock is currently owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. The trade was a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.99% of the company’s stock.

Wall Street Analyst Weigh In

IBKR has been the topic of several recent research reports. Keefe, Bruyette & Woods raised their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research report on Monday, January 13th. Citigroup cut their target price on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays upped their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group increased their price target on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $203.50.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $174.31 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The company’s 50-day moving average is $200.34 and its 200 day moving average is $179.42. The stock 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.

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

Interactive Brokers Group Announces Dividend

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

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.