Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Lifted by OLD National Bancorp IN

OLD National Bancorp IN lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,975 shares of the financial services provider’s stock after buying an additional 185 shares during the period. OLD National Bancorp IN’s holdings in Interactive Brokers Group were worth $879,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. First Affirmative Financial Network acquired a new position in shares of Interactive Brokers Group in the 4th quarter worth $210,000. Ibex Wealth Advisors acquired a new stake in Interactive Brokers Group during the 4th quarter worth about $5,503,000. BOCHK Asset Management Ltd purchased a new stake in Interactive Brokers Group during the fourth quarter valued at about $62,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Interactive Brokers Group by 50.5% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 90,290 shares of the financial services provider’s stock worth $15,952,000 after buying an additional 30,290 shares during the period. Finally, Sumitomo Life Insurance Co. increased its position in shares of Interactive Brokers Group by 174.8% in the fourth quarter. Sumitomo Life Insurance Co. now owns 15,272 shares of the financial services provider’s stock worth $2,698,000 after acquiring an additional 9,715 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $217.44 on Friday. The firm has a 50 day simple moving average of $188.49 and a 200 day simple moving average of $155.98. Interactive Brokers Group, Inc. has a fifty-two week low of $88.22 and a fifty-two week high of $221.09. The firm has a market cap of $91.87 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.50 and a beta of 0.87.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating the consensus estimate of $1.81 by $0.22. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm earned $1.52 EPS. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.39 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.46%. Interactive Brokers Group’s payout ratio is presently 14.16%.

Analysts Set New Price Targets

Several analysts have issued reports on IBKR shares. Citigroup boosted their target price on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Barclays boosted their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $200.00) on shares of Interactive Brokers Group in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.13.

About Interactive Brokers Group

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.