Nordea Investment Management AB Acquires 46,811 Shares of Interactive Brokers Group, Inc. $IBKR

Nordea Investment Management AB raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 238.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,468 shares of the financial services provider's stock after purchasing an additional 46,811 shares during the quarter. Nordea Investment Management AB's holdings in Interactive Brokers Group were worth $3,636,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in IBKR. Compound Planning Inc. raised its holdings in shares of Interactive Brokers Group by 1.1% in the first quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider's stock valued at $958,000 after acquiring an additional 62 shares in the last quarter. CWM LLC raised its holdings in shares of Interactive Brokers Group by 6.6% in the first quarter. CWM LLC now owns 1,062 shares of the financial services provider's stock valued at $176,000 after acquiring an additional 66 shares in the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Interactive Brokers Group by 0.8% in the first quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider's stock valued at $1,410,000 after acquiring an additional 70 shares in the last quarter. USS Investment Management Ltd raised its holdings in shares of Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider's stock valued at $3,339,000 after acquiring an additional 76 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its holdings in shares of Interactive Brokers Group by 3.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider's stock valued at $411,000 after acquiring an additional 79 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IBKR shares. The Goldman Sachs Group restated a "buy" rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday. Zacks Research downgraded Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Citigroup boosted their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Finally, Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an "overweight" rating in a report on Friday. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, Interactive Brokers Group has a consensus rating of "Moderate Buy" and a consensus target price of $71.34.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the business's stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 1,205,683 shares of company stock worth $77,217,965 in the last 90 days. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $66.27 on Wednesday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The firm has a market capitalization of $112.40 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 2.09 and a beta of 1.22. The stock's 50-day simple moving average is $65.29 and its 200-day simple moving average is $56.86.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The business had revenue of $1.66 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company's revenue was up 21.2% on a year-over-year basis. As a group, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.08 per share. The ex-dividend date is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group's payout ratio is presently 15.38%.

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.

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