Bessemer Group Inc. Increases Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Bessemer Group Inc. lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 13,966.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,532,489 shares of the financial services provider’s stock after purchasing an additional 1,521,594 shares during the quarter. Bessemer Group Inc.’s holdings in Interactive Brokers Group were worth $98,553,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. AustralianSuper Pty Ltd boosted its holdings in shares of Interactive Brokers Group by 2,099.6% in the 4th quarter. AustralianSuper Pty Ltd now owns 628,824 shares of the financial services provider’s stock worth $40,440,000 after purchasing an additional 600,236 shares during the period. New York Life Investment Management LLC boosted its holdings in shares of Interactive Brokers Group by 1.0% in the 4th quarter. New York Life Investment Management LLC now owns 61,222 shares of the financial services provider’s stock worth $3,937,000 after purchasing an additional 596 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth approximately $7,076,000. Independent Advisor Alliance boosted its holdings in shares of Interactive Brokers Group by 3.0% in the 4th quarter. Independent Advisor Alliance now owns 6,169 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 178 shares during the period. Finally, Blackhawk Capital Partners LLC boosted its holdings in shares of Interactive Brokers Group by 5.7% in the 4th quarter. Blackhawk Capital Partners LLC now owns 47,824 shares of the financial services provider’s stock worth $3,076,000 after purchasing an additional 2,576 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IBKR has been the subject of a number of recent research reports. Jefferies Financial Group dropped their target price on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a report on Monday, April 6th. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. Piper Sandler lifted their target price on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, BMO Capital Markets lifted their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $83.25.

Interactive Brokers Group Stock Down 1.4%

IBKR opened at $87.00 on Friday. The business has a fifty day moving average of $73.89 and a 200 day moving average of $71.05. Interactive Brokers Group, Inc. has a 52-week low of $49.15 and a 52-week high of $88.44. The stock has a market cap of $147.58 billion, a P/E ratio of 37.50, a PEG ratio of 2.44 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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the business earned $1.94 EPS. Interactive Brokers Group’s revenue was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

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.