Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Acquired by KBC Group NV

KBC Group NV boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 34.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 147,048 shares of the financial services provider’s stock after acquiring an additional 37,890 shares during the quarter. KBC Group NV’s holdings in Interactive Brokers Group were worth $25,979,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in Interactive Brokers Group during the third quarter worth approximately $83,630,000. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group during the 3rd quarter valued at $26,946,000. Allspring Global Investments Holdings LLC raised its stake in shares of Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock worth $36,004,000 after buying an additional 187,010 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 $25,085,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Interactive Brokers Group by 13,967.5% in the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock valued at $20,781,000 after buying an additional 148,055 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $207.75 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $88.22 and a 52 week high of $220.66. The firm has a market capitalization of $87.78 billion, a price-to-earnings ratio of 29.43, a P/E/G ratio of 1.49 and a beta of 0.87. The company has a 50 day moving average price of $186.96 and a 200 day moving average price of $154.49.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 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 business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the firm posted $1.52 earnings per share. Interactive Brokers Group’s revenue was up 21.8% compared to the same quarter last year. Equities analysts forecast that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders 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 yield of 0.48%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analysts Set New Price Targets

Several equities research analysts have commented on IBKR shares. 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 report on Monday. The Goldman Sachs Group lifted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Keefe, Bruyette & Woods increased their target price 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. Jefferies Financial Group lifted their price target on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $204.13.

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.