KLP Kapitalforvaltning AS Buys 14,500 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

KLP Kapitalforvaltning AS increased its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 65.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,500 shares of the financial services provider's stock after purchasing an additional 14,500 shares during the period. KLP Kapitalforvaltning AS's holdings in Interactive Brokers Group were worth $6,044,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd lifted its stake in shares of Interactive Brokers Group by 39.8% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 186 shares of the financial services provider's stock worth $33,000 after purchasing an additional 53 shares during the last quarter. City Holding Co. purchased a new position in shares of Interactive Brokers Group in the first quarter worth about $33,000. Bellwether Advisors LLC purchased a new position in shares of Interactive Brokers Group in the fourth quarter worth about $35,000. LGT Financial Advisors LLC raised its position in Interactive Brokers Group by 596.7% during the fourth quarter. LGT Financial Advisors LLC now owns 209 shares of the financial services provider's stock valued at $37,000 after acquiring an additional 179 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA purchased a new position in Interactive Brokers Group during the first quarter valued at approximately $43,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR traded up $0.02 during trading on Monday, hitting $65.52. The company had a trading volume of 1,499,423 shares, compared to its average volume of 7,417,096. The business's 50-day moving average is $55.10 and its 200 day moving average is $49.99. Interactive Brokers Group, Inc. has a 52 week low of $25.92 and a 52 week high of $66.61. The company has a market cap of $110.75 billion, a P/E ratio of 33.67, a PEG ratio of 2.70 and a beta of 1.25.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The financial services provider reported $0.51 EPS for the quarter, beating the consensus estimate of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business 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 company posted $1.76 EPS. Interactive Brokers Group's revenue was up 14.7% on a year-over-year basis. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Monday, September 1st will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Friday, August 29th. Interactive Brokers Group's dividend payout ratio is 16.49%.

Wall Street Analysts Forecast Growth

IBKR has been the topic of several research analyst reports. Piper Sandler raised their price objective on Interactive Brokers Group from $45.50 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. The Goldman Sachs Group raised their price objective on Interactive Brokers Group from $53.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, May 15th. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wall Street Zen upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Bank of America cut their price target on Interactive Brokers Group from $66.25 to $60.75 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.