Swiss National Bank Acquires 16,700 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Swiss National Bank lifted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215,400 shares of the financial services provider’s stock after acquiring an additional 16,700 shares during the period. Swiss National Bank’s holdings in Interactive Brokers Group were worth $38,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in IBKR. Sigma Planning Corp bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth about $225,000. Los Angeles Capital Management LLC increased its position in Interactive Brokers Group by 27.7% in the 3rd quarter. Los Angeles Capital Management LLC now owns 3,041 shares of the financial services provider’s stock valued at $424,000 after buying an additional 660 shares in the last quarter. Prime Capital Investment Advisors LLC increased its position in Interactive Brokers Group by 3.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 2,746 shares of the financial services provider’s stock valued at $383,000 after buying an additional 97 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in Interactive Brokers Group in the 3rd quarter valued at about $229,000. Finally, Huntington National Bank increased its position in Interactive Brokers Group by 445.5% in the 3rd quarter. Huntington National Bank now owns 420 shares of the financial services provider’s stock valued at $59,000 after buying an additional 343 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the purchase, the director now directly owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. The Goldman Sachs Group boosted their target price on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their target price on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research report on Monday, January 13th. Citigroup boosted their target price on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, January 10th. UBS Group boosted their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $204.13.

Interactive Brokers Group Stock Performance

IBKR stock opened at $168.11 on Monday. The company has a market capitalization of $71.04 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The business has a 50-day simple moving average of $204.67 and a two-hundred day simple moving average of $175.42.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results 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 return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the business earned $1.52 EPS. The company’s revenue was up 21.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Interactive Brokers Group’s 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.