Allianz Asset Management GmbH Has $25.53 Million Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Allianz Asset Management GmbH reduced its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,503 shares of the financial services provider’s stock after selling 1,460 shares during the quarter. Allianz Asset Management GmbH’s holdings in Interactive Brokers Group were worth $25,529,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IBKR. Handelsbanken Fonder AB lifted its stake in shares of Interactive Brokers Group by 40.0% in the fourth quarter. Handelsbanken Fonder AB now owns 46,615 shares of the financial services provider’s stock valued at $8,235,000 after buying an additional 13,307 shares during the period. Freedom Day Solutions LLC increased its position in shares of Interactive Brokers Group by 1.9% during the fourth quarter. Freedom Day Solutions LLC now owns 15,084 shares of the financial services provider’s stock valued at $2,665,000 after purchasing an additional 279 shares during the period. Global Retirement Partners LLC raised its stake in shares of Interactive Brokers Group by 804.1% in the fourth quarter. Global Retirement Partners LLC now owns 6,455 shares of the financial services provider’s stock valued at $1,140,000 after purchasing an additional 5,741 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Interactive Brokers Group in the fourth quarter worth $1,125,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in Interactive Brokers Group during the fourth quarter worth $248,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Down 1.9 %

IBKR opened at $214.61 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The firm has a 50-day moving average price of $202.08 and a two-hundred day moving average price of $168.90. The stock has a market capitalization of $90.68 billion, a PE ratio of 30.40, a PEG ratio of 1.59 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same quarter last year, the business posted $1.52 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.47%. Interactive Brokers Group’s payout ratio is currently 14.16%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group increased their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Citigroup lifted their price objective on Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods upped their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Barclays lifted their price target on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (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 given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $204.13.

Insider Activity

In other Interactive Brokers Group news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The shares were purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. The trade was a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.21% of the stock is currently owned by insiders.

Interactive Brokers Group Company 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.