Prudential PLC Buys 3,330 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Prudential PLC lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 158.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,430 shares of the financial services provider’s stock after buying an additional 3,330 shares during the quarter. Prudential PLC’s holdings in Interactive Brokers Group were worth $959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. KG&L Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 2.5% during the 4th 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 period. TD Private Client Wealth LLC grew its stake in Interactive Brokers Group by 0.3% in the third 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 during the period. Versant Capital Management Inc grew its stake in Interactive Brokers Group by 66.4% in the fourth 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 period. Lebenthal Global Advisors LLC lifted its position in 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 valued at $1,270,000 after buying an additional 78 shares during the period. Finally, Koshinski Asset Management Inc. boosted its holdings in shares of Interactive Brokers Group by 3.7% during the 4th quarter. Koshinski Asset Management Inc. now owns 2,252 shares of the financial services provider’s stock valued at $398,000 after buying an additional 81 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction on Friday, January 31st. The stock was acquired at an average cost of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.99% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $144.29 on Tuesday. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The stock has a market capitalization of $60.97 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.59 and a beta of 1.02. The stock’s 50-day simple moving average is $196.71 and its two-hundred day simple moving average is $180.17.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating 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 analysts’ expectations of $1.37 billion. During the same period in the prior year, the company earned $1.52 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis. As a group, equities 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 business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.69%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s dividend payout ratio is presently 14.16%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on IBKR shares. Barclays decreased their price target on shares of Interactive Brokers Group from $231.00 to $188.00 and set an “overweight” rating for the company in a research note on Monday. Keefe, Bruyette & Woods lifted their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a report on Monday, January 13th. StockNews.com downgraded Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Citigroup lowered their price objective on Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $198.13.

Interactive Brokers Group Company 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.