Fjarde AP Fonden Fourth Swedish National Pension Fund Invests $4.21 Million in Interactive Brokers Group, Inc. $IBKR

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund has acquired a new stake in Interactive Brokers Group, purchasing 25,400 shares valued at approximately $4.21 million.
• Several other large investors have increased their holdings in Interactive Brokers Group significantly, including Bank of America Corp DE and GAMMA Investing LLC, showing heightened institutional interest in the company.
• Analysts have raised their price targets for Interactive Brokers Group, with Goldman Sachs increasing theirs from $53 to $60, indicating a positive outlook for the stock.

Fjarde AP Fonden Fourth Swedish National Pension Fund acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 25,400 shares of the financial services provider's stock, valued at approximately $4,206,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. CWM LLC raised its stake in shares of Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after buying an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after buying an additional 70 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of Interactive Brokers Group by 4.1% during the 1st quarter. Ritholtz Wealth Management now owns 1,987 shares of the financial services provider's stock valued at $329,000 after buying an additional 79 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Interactive Brokers Group by 3.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock valued at $411,000 after buying an additional 79 shares during the last quarter. Finally, Securian Asset Management Inc. raised its stake in shares of Interactive Brokers Group by 1.2% during the 1st quarter. Securian Asset Management Inc. now owns 8,331 shares of the financial services provider's stock valued at $1,380,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Up 0.3%

Shares of NASDAQ:IBKR traded up $0.2020 during trading on Friday, reaching $62.6720. 1,823,138 shares of the company's stock traded hands, compared to its average volume of 7,035,667. Interactive Brokers Group, Inc. has a fifty-two week low of $30.01 and a fifty-two week high of $68.07. The firm has a market cap of $106.30 billion, a PE ratio of 32.26, a P/E/G ratio of 2.54 and a beta of 1.22. The company has a 50-day simple moving average of $59.86 and a 200-day simple moving average of $51.85.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a return on equity of 4.92% and a net margin of 9.78%.The company had revenue of $1.48 billion for the quarter, compared to analysts' expectations of $1.37 billion. During the same period in the previous year, the firm posted $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Monday, September 1st will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, August 29th. Interactive Brokers Group's payout ratio is presently 16.49%.

Insider Transactions at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the sale, the insider directly owned 461,500 shares in the company, valued at approximately $31,146,635. The trade was a 29.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 233,972 shares of company stock valued at $15,746,449. Insiders own 2.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Barclays lifted their price objective on Interactive Brokers Group from $65.00 to $73.00 and gave the company an "overweight" rating in a research note on Friday, July 18th. Citigroup lifted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Piper Sandler lifted their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Finally, The Goldman Sachs Group raised their target price on Interactive Brokers Group from $53.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Interactive Brokers Group has an average rating of "Moderate Buy" and a consensus target price of $59.38.

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.