1,297,989 Shares in Interactive Brokers Group, Inc. (NASDAQ:IBKR) Acquired by Norges Bank

Norges Bank acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,297,989 shares of the financial services provider’s stock, valued at approximately $229,316,000. Norges Bank owned about 0.31% of Interactive Brokers Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of IBKR. Donoghue Forlines LLC acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $2,088,000. Union Bancaire Privee UBP SA acquired a new position in Interactive Brokers Group during the fourth quarter worth about $3,750,000. Friedenthal Financial acquired a new position in Interactive Brokers Group during the fourth quarter worth about $775,000. New Millennium Group LLC purchased a new stake in shares of Interactive Brokers Group in the fourth quarter valued at about $2,319,000. Finally, Caldwell Investment Management Ltd. acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $1,215,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on IBKR shares. Keefe, Bruyette & Woods upped 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. The Goldman Sachs Group increased their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research note on Tuesday, December 3rd. StockNews.com raised shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 25th. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, Barclays boosted their price objective on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

Interactive Brokers Group Stock Down 2.5 %

NASDAQ:IBKR opened at $164.72 on Monday. The company has a market cap of $69.61 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.59 and a beta of 0.99. The firm’s 50 day moving average is $201.93 and its two-hundred day moving average is $178.85. Interactive Brokers Group, Inc. has a fifty-two week low of $103.69 and a fifty-two week high of $236.53.

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, topping the consensus estimate 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 business had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same period last year, the company posted $1.52 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 14.16%.

Insider Buying and Selling

In related news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.99% of the company’s stock.

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.