Geode Capital Management LLC Acquires 193,497 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Geode Capital Management LLC lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 9.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,259,032 shares of the financial services provider’s stock after acquiring an additional 193,497 shares during the quarter. Geode Capital Management LLC owned approximately 0.53% of Interactive Brokers Group worth $399,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBKR. KG&L Capital Management LLC increased its position in Interactive Brokers Group by 2.5% during the 4th quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 60 shares during the period. TD Private Client Wealth LLC increased its position in shares of Interactive Brokers Group by 0.3% during the third quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after buying an additional 69 shares during the period. Versant Capital Management Inc raised its stake in 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 worth $31,000 after buying an additional 71 shares in the last quarter. Lebenthal Global Advisors LLC lifted its holdings in Interactive Brokers Group by 1.1% in the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 78 shares during the period. Finally, Koshinski Asset Management Inc. boosted its position in Interactive Brokers Group by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock valued at $398,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their target price on 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. Barclays raised their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup decreased their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.50.

Insider Activity at Interactive Brokers Group

In related news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, with a total value of $29,633.85. Following the acquisition, the director now directly owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $146.08 on Friday. The firm has a market cap of $61.73 billion, a P/E ratio of 20.69, a P/E/G ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53. The firm has a 50-day simple moving average of $197.90 and a two-hundred day simple moving average of $179.41.

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

Interactive Brokers Group Announces Dividend

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 of this dividend was Friday, February 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.68%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

About Interactive Brokers Group

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.