Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 84,300 Shares of Interactive Brokers Group, Inc. $IBKR

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 331.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,700 shares of the financial services provider’s stock after acquiring an additional 84,300 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Interactive Brokers Group were worth $6,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cantillon Capital Management LLC raised its stake in Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Interactive Brokers Group by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after buying an additional 280,004 shares during the last quarter. American Century Companies Inc. raised its position in shares of Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock valued at $237,453,000 after buying an additional 1,343,007 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Interactive Brokers Group by 13.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider’s stock worth $203,710,000 after acquiring an additional 145,870 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Interactive Brokers Group by 45.6% during the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock worth $184,668,000 after acquiring an additional 349,255 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of a number of research reports. Barclays set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Friday, October 17th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Tuesday, October 14th. CICC Research began coverage on Interactive Brokers Group in a research report on Monday. They issued an “outperform” rating and a $78.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Tuesday, October 14th. Finally, Citigroup lifted their price target on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Trading Up 0.8%

IBKR opened at $69.19 on Thursday. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The business’s 50-day moving average price is $65.87 and its 200-day moving average price is $58.17. The company has a market cap of $117.36 billion, a P/E ratio of 33.22, a P/E/G ratio of 2.14 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.08. The company had revenue of $1.66 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.Interactive Brokers Group’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.61 EPS. Equities 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 will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s payout ratio is presently 15.38%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 6,855 shares of the company’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $69.15, for a total transaction of $474,023.25. Following the completion of the transaction, the director directly owned 209,349 shares of the company’s stock, valued at approximately $14,476,483.35. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares of the company’s stock, valued at approximately $1,860,850.42. This represents a 37.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,210,152 shares of company stock worth $77,603,239 in the last three months. 2.97% of the stock is owned by insiders.

Interactive Brokers Group 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.