BOCHK Asset Management Ltd Acquires Shares of 350 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

BOCHK Asset Management Ltd acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 350 shares of the financial services provider’s stock, valued at approximately $62,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its stake in Interactive Brokers Group by 50.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 90,290 shares of the financial services provider’s stock valued at $15,952,000 after buying an additional 30,290 shares during the period. Sumitomo Life Insurance Co. increased its stake in shares of Interactive Brokers Group by 174.8% during the fourth quarter. Sumitomo Life Insurance Co. now owns 15,272 shares of the financial services provider’s stock worth $2,698,000 after purchasing an additional 9,715 shares during the period. R Squared Ltd bought a new position in shares of Interactive Brokers Group during the fourth quarter worth approximately $161,000. SteelPeak Wealth LLC increased its stake in shares of Interactive Brokers Group by 11.3% during the fourth quarter. SteelPeak Wealth LLC now owns 4,101 shares of the financial services provider’s stock worth $725,000 after purchasing an additional 418 shares during the period. Finally, Lebenthal Global Advisors LLC increased its stake in shares of Interactive Brokers Group by 1.1% during the fourth quarter. Lebenthal Global Advisors LLC now owns 7,187 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 78 shares during the period. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IBKR. Barclays increased their target price on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group increased their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. 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. Finally, Jefferies Financial Group increased their price target on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $207.75 on Wednesday. The company has a market capitalization of $87.78 billion, a P/E ratio of 29.43, a P/E/G ratio of 1.49 and a beta of 0.87. Interactive Brokers Group, Inc. has a 1 year low of $88.22 and a 1 year high of $220.66. The business’s 50 day simple moving average is $186.96 and its 200 day simple moving average is $154.49.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 EPS. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date is Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

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.