National Bank of Canada FI Raises Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

National Bank of Canada FI increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 559.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,692 shares of the financial services provider’s stock after buying an additional 51,482 shares during the quarter. National Bank of Canada FI’s holdings in Interactive Brokers Group were worth $10,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. KG&L Capital Management LLC grew its stake in shares of Interactive Brokers Group by 2.5% during the fourth quarter. KG&L Capital Management LLC now owns 2,425 shares of the financial services provider’s stock worth $428,000 after acquiring an additional 60 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in Interactive Brokers Group by 0.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock worth $2,759,000 after purchasing an additional 69 shares in the last quarter. Versant Capital Management Inc grew its position in Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Lebenthal Global Advisors LLC increased its stake in Interactive Brokers Group by 1.1% during the 4th quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock valued at $1,270,000 after purchasing an additional 78 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in shares of Interactive Brokers Group by 3.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock worth $398,000 after buying an additional 81 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Jill Bright bought 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the completion of the acquisition, the director now directly owns 2,476 shares of the company’s stock, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.99% of the stock is currently owned by company insiders.

Interactive Brokers Group Price Performance

IBKR opened at $146.08 on Friday. The firm has a fifty day moving average price of $197.90 and a 200 day moving average price of $179.41. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The stock 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 (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The company’s revenue was up 21.8% compared to the same quarter last year. Equities analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IBKR. Citigroup dropped their price objective on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. UBS Group lifted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays increased their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $203.50.

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.