Danske Bank A S Has $14.35 Million Stake in Interactive Brokers Group, Inc. $IBKR

Danske Bank A S grew its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 223,108 shares of the financial services provider’s stock after acquiring an additional 11,500 shares during the period. Danske Bank A S’s holdings in Interactive Brokers Group were worth $14,348,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $27,000. Blue Trust Inc. lifted its position in shares of Interactive Brokers Group by 236.0% in the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock valued at $43,000 after buying an additional 472 shares during the last quarter. Ramsey Quantitative Systems acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $44,000. Darwin Wealth Management LLC acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $45,000. Finally, Close Asset Management Ltd acquired a new stake in shares of Interactive Brokers Group in the third quarter valued at approximately $60,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock opened at $80.46 on Monday. The stock’s fifty day moving average price is $71.46 and its two-hundred day moving average price is $69.92. Interactive Brokers Group, Inc. has a one year low of $43.78 and a one year high of $82.88. The firm has a market cap of $136.49 billion, a PE ratio of 34.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the company earned $1.94 EPS. The company’s revenue was up 17.0% on a year-over-year basis. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.0875 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 15.09%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a research note on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. Jefferies Financial Group lowered their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research note on Friday. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Piper Sandler increased their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

Interactive Brokers Group 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.