Handelsbanken Fonder AB Acquires 29,696 Shares of Interactive Brokers Group, Inc. $IBKR

Handelsbanken Fonder AB raised its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 34.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,374 shares of the financial services provider’s stock after acquiring an additional 29,696 shares during the period. Handelsbanken Fonder AB’s holdings in Interactive Brokers Group were worth $7,484,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. Vanguard Group Inc. grew its position in Interactive Brokers Group by 26.4% in the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after acquiring an additional 11,048,679 shares during the last quarter. Orbis Allan Gray Ltd grew its position in Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. Bank of America Corp DE grew its position in Interactive Brokers Group by 225.4% in the second 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 acquiring an additional 5,260,923 shares during the last quarter. State Street Corp grew its position in Interactive Brokers Group by 23.2% in the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after acquiring an additional 3,517,729 shares during the last quarter. Finally, TD Asset Management Inc grew its position in Interactive Brokers Group by 2,098.6% in the third quarter. TD Asset Management Inc now owns 2,300,711 shares of the financial services provider’s stock valued at $158,312,000 after acquiring an additional 2,196,067 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 3.0%

Shares of IBKR stock opened at $81.35 on Friday. The business’s 50-day moving average price is $75.48 and its 200-day moving average price is $71.55. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $88.44. The firm has a market capitalization of $138.00 billion, a price-to-earnings ratio of 35.06, a PEG ratio of 2.32 and a beta of 1.32.

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

Interactive Brokers Group Increases Dividend

The business 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 $0.0875 dividend. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group’s payout ratio is presently 13.79%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Barclays lifted their price target on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Jefferies Financial Group cut their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. Finally, Piper Sandler lifted their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $83.25.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was 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 the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Profile

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.