Northwestern Mutual Wealth Management Co. Purchases 129,963 Shares of Interactive Brokers Group, Inc. $IBKR

Northwestern Mutual Wealth Management Co. grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1,111.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,653 shares of the financial services provider’s stock after acquiring an additional 129,963 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Interactive Brokers Group were worth $9,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in IBKR. Murphy & Mullick Capital Management Corp bought a new stake in Interactive Brokers Group in the 3rd quarter worth approximately $27,000. Blue Trust Inc. increased its stake in Interactive Brokers Group by 236.0% in the 4th quarter. Blue Trust Inc. now owns 672 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 472 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in Interactive Brokers Group in the 2nd quarter worth approximately $44,000. Darwin Wealth Management LLC bought a new stake in Interactive Brokers Group in the 2nd quarter worth approximately $45,000. Finally, Close Asset Management Ltd bought a new position in shares of Interactive Brokers Group during the 3rd quarter valued at approximately $60,000. 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 business’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 completion of the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IBKR has been the topic of several recent research reports. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a report on Friday, May 1st. Jefferies Financial Group decreased their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. Barclays increased their price target on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target on the stock. Finally, Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Seven research 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 Stock Up 0.0%

IBKR opened at $83.83 on Friday. The business has a fifty day moving average of $75.22 and a 200 day moving average of $71.48. 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 $142.21 billion, a P/E ratio of 36.13, a PEG ratio of 2.32 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, June 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.09%.

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.