Vanguard Group Inc. Has $3.36 Billion Holdings in Interactive Brokers Group, Inc. $IBKR

Vanguard Group Inc. lowered its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,254,357 shares of the financial services provider’s stock after selling 604,728 shares during the period. Vanguard Group Inc.’s holdings in Interactive Brokers Group were worth $3,360,478,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Interactive Brokers Group by 23.2% in the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after buying an additional 3,517,729 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock worth $750,110,000 after buying an additional 1,630,620 shares during the last quarter. Orbis Allan Gray Ltd boosted its position in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after purchasing an additional 6,246,715 shares during the period. Bank of America Corp DE boosted its holdings in shares of Interactive Brokers Group by 225.4% during the 2nd quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after buying an additional 5,260,923 shares during the period. Finally, American Century Companies Inc. boosted its holdings in Interactive Brokers Group by 6.3% during the third quarter. American Century Companies Inc. now owns 5,953,647 shares of the financial services provider’s stock valued at $409,670,000 after acquiring an additional 351,136 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on IBKR shares. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price objective on the stock. BMO Capital Markets upped their price objective on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Piper Sandler upped their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group raised their price target on Interactive Brokers Group from $89.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $77.49 on Wednesday. The stock has a 50-day moving average of $71.31 and a 200-day moving average of $69.81. The stock has a market cap of $131.45 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.14 and a beta of 1.25. Interactive Brokers Group, Inc. has a one year low of $41.43 and a one year high of $82.88.

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

Interactive Brokers Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. This represents a $0.35 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 13.79%.

Interactive Brokers Group Company Profile

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.