Rockefeller Capital Management L.P. Purchases 9,597 Shares of Interactive Brokers Group, Inc. $IBKR

Rockefeller Capital Management L.P. grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 111.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,206 shares of the financial services provider’s stock after purchasing an additional 9,597 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Interactive Brokers Group were worth $1,171,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Crocodile Capital Partners GmbH bought a new position in Interactive Brokers Group during the fourth quarter worth about $12,041,000. Covenant Asset Management LLC bought a new stake in Interactive Brokers Group in the 4th quarter valued at about $3,028,000. OFI Invest Asset Management acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $22,356,000. Leonteq Securities AG acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $1,746,000. Finally, Successful Portfolios LLC bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $1,431,000. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a research report on Friday, May 1st. Jefferies Financial Group dropped their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Piper Sandler upped their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Finally, Wolfe Research initiated coverage on Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $85.22.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $93.25 on Thursday. Interactive Brokers Group, Inc. has a 1 year low of $56.33 and a 1 year high of $97.84. The stock has a market capitalization of $158.18 billion, a price-to-earnings ratio of 40.19, a price-to-earnings-growth ratio of 2.41 and a beta of 1.33. The company’s 50 day simple moving average is $86.14 and its 200 day simple moving average is $76.10.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the business posted $1.94 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. As a group, analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Monday, June 1st were paid a $0.0875 dividend. This represents a $0.35 annualized dividend and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by company insiders.

About Interactive Brokers Group

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.