AIA Group Ltd Purchases New Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

AIA Group Ltd purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,200 shares of the financial services provider’s stock, valued at approximately $1,840,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Interactive Brokers Group by 3.3% in the third quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock valued at $828,105,000 after acquiring an additional 308,236 shares during the last quarter. BlackRock Inc. increased its stake in Interactive Brokers Group by 0.8% in the first quarter. BlackRock Inc. now owns 8,972,309 shares of the financial services provider’s stock valued at $740,754,000 after purchasing an additional 69,018 shares during the period. Greenwich Wealth Management LLC increased its stake in Interactive Brokers Group by 6.5% in the third quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock valued at $269,882,000 after purchasing an additional 189,555 shares during the period. State Street Corp increased its stake in Interactive Brokers Group by 2.8% in the second quarter. State Street Corp now owns 2,818,815 shares of the financial services provider’s stock valued at $234,159,000 after purchasing an additional 76,695 shares during the period. Finally, Bank of America Corp DE increased its stake in Interactive Brokers Group by 26.0% in the first quarter. Bank of America Corp DE now owns 1,857,963 shares of the financial services provider’s stock valued at $153,393,000 after purchasing an additional 383,027 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $110.99 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $70.83 and a 12-month high of $116.92. The company has a market capitalization of $46.73 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83. The firm’s 50-day moving average is $108.49 and its two-hundred day moving average is $92.68.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.14 billion. During the same period last year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 16.7% on a year-over-year basis. On average, analysts forecast that Interactive Brokers Group, Inc. will post 6.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio is 6.84%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America boosted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the stock a “buy” rating in a research note on Wednesday. Barclays boosted their price target on shares of Interactive Brokers Group from $132.00 to $136.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler boosted their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Jefferies Financial Group boosted their price target on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup boosted their price target on shares of Interactive Brokers Group from $105.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $124.00.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total value of $7,146,451.22. Following the sale, the insider now owns 234,552 shares of the company’s stock, valued at $22,585,012.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Vice Chairman Earl H. Nemser sold 25,782 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $95.71, for a total transaction of $2,467,595.22. Following the transaction, the insider now owns 208,770 shares of the company’s stock, valued at $19,981,376.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now directly owns 234,552 shares in the company, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Insiders have sold 428,883 shares of company stock valued at $40,395,135 over the last quarter. Corporate insiders own 3.21% of the company’s stock.

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.