Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 34,800 Shares of Interactive Brokers Group, Inc. $IBKR

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 36.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 130,500 shares of the financial services provider’s stock after purchasing an additional 34,800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Interactive Brokers Group were worth $8,753,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC lifted its holdings in Interactive Brokers Group by 57.5% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 18,564 shares of the financial services provider’s stock worth $1,245,000 after purchasing an additional 6,781 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in Interactive Brokers Group by 7.9% during the 1st quarter. Eagle Bay Advisors LLC now owns 3,605 shares of the financial services provider’s stock valued at $242,000 after buying an additional 265 shares in the last quarter. Keybank National Association OH increased its position in shares of Interactive Brokers Group by 9.0% during the first quarter. Keybank National Association OH now owns 4,175 shares of the financial services provider’s stock valued at $280,000 after buying an additional 343 shares during the period. Root Financial Partners LLC increased its position in shares of Interactive Brokers Group by 212.5% during the first quarter. Root Financial Partners LLC now owns 1,250 shares of the financial services provider’s stock valued at $84,000 after buying an additional 850 shares during the period. Finally, USS Investment Management Ltd lifted its holdings in shares of Interactive Brokers Group by 3.1% in the first quarter. USS Investment Management Ltd now owns 78,392 shares of the financial services provider’s stock worth $5,256,000 after buying an additional 2,363 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IBKR. Jefferies Financial Group cut their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Keefe, Bruyette & Woods began coverage on shares of Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. Wolfe Research began coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price on the stock. The Goldman Sachs Group set a $98.00 price target on shares of Interactive Brokers Group in a report on Friday, May 1st. Finally, Piper Sandler boosted their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $85.22.

Interactive Brokers Group Stock Performance

Shares of IBKR opened at $91.33 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $56.33 and a 12-month high of $97.84. The company has a market cap of $154.93 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33. The stock has a 50-day moving average price of $86.64 and a 200-day moving average price of $76.40.

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 for the quarter, topping the consensus estimate 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%. Interactive Brokers Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.94 earnings per share. As a group, analysts predict 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 declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid a $0.0875 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio is presently 15.09%.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares in the company, valued at approximately $13,345,970.26. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by insiders.

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.