Wellington Management Group LLP Has $263.95 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wellington Management Group LLP boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8,249.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,494,029 shares of the financial services provider’s stock after buying an additional 1,476,135 shares during the quarter. Wellington Management Group LLP owned approximately 0.35% of Interactive Brokers Group worth $263,950,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $25,000. SRH Advisors LLC bought a new position in Interactive Brokers Group during the fourth quarter worth $28,000. Versant Capital Management Inc increased its holdings in shares of Interactive Brokers Group by 66.4% in the fourth quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its position 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 valued at $33,000 after purchasing an additional 88 shares during the period. Finally, Rialto Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group during the 4th quarter worth about $33,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on IBKR. 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 report on Monday, January 27th. Keefe, Bruyette & Woods increased their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a research note on Monday, January 13th. Citigroup boosted their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. 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. Finally, Barclays lifted their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Interactive Brokers Group Stock Up 4.5 %

Shares of Interactive Brokers Group stock opened at $173.08 on Wednesday. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The company has a market capitalization of $73.14 billion, a price-to-earnings ratio of 24.52, a PEG ratio of 1.59 and a beta of 0.99. The firm’s 50-day moving average price is $201.05 and its two-hundred day moving average price is $179.46.

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 (EPS) for the quarter, topping the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a dividend of $0.25 per share. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.58%. Interactive Brokers Group’s dividend payout ratio is currently 14.16%.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of Interactive Brokers Group stock in a transaction dated Friday, January 31st. The shares were bought at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now owns 2,476 shares in the company, valued at approximately $543,506.76. This trade represents a 5.77 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.99% of the stock is currently owned by insiders.

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.