Nykredit A S Takes Position in Interactive Brokers Group, Inc. $IBKR

Key Points

• Nykredit A S acquired 148,930 shares of Interactive Brokers Group during the second quarter, worth approximately $12.96 million. Institutional investors collectively own 23.8% of the company.
• Interactive Brokers reported quarterly revenue of $1.88 billion and earnings of $0.69 per share, exceeding analyst estimates; revenue increased 28.1% year over year.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $98.90 price target. The company also pays a quarterly dividend of $0.0875 per share, yielding about 0.4% annually.

Nykredit A S bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 148,930 shares of the financial services provider's stock, valued at approximately $12,963,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IBKR. Cantillon Capital Management LLC grew its position in shares of Interactive Brokers Group by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider's stock worth $820,589,000 after buying an additional 95,878 shares during the period. Norges Bank acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $453,146,000. Egerton Capital UK LLP increased its holdings in Interactive Brokers Group by 11.0% during the 4th quarter. Egerton Capital UK LLP now owns 6,939,581 shares of the financial services provider's stock worth $446,284,000 after purchasing an additional 685,447 shares in the last quarter. Bamco Inc. NY grew its holdings in shares of Interactive Brokers Group by 0.7% during the fourth quarter. Bamco Inc. NY now owns 4,643,376 shares of the financial services provider's stock worth $298,616,000 after buying an additional 33,608 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in shares of Interactive Brokers Group by 156.0% during the 1st quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider's stock worth $263,097,000 after buying an additional 2,390,247 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $90.69 on Monday. The stock has a 50 day moving average price of $91.54 and a two-hundred day moving average price of $84.38. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $98.75. The stock has a market capitalization of $154.30 billion, a PE ratio of 36.28, a price-to-earnings-growth ratio of 1.68 and a beta of 1.35.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.94% and a return on equity of 5.37%. The firm had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The business's revenue was up 28.1% on a year-over-year basis. Research analysts forecast that Interactive Brokers Group, Inc. will post 2.68 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Investors of record on Tuesday, September 1st were issued a dividend of $0.0875 per share. The ex-dividend date was Tuesday, September 1st. This represents a $0.35 annualized dividend and a yield of 0.4%. Interactive Brokers Group's dividend payout ratio is 14.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IBKR. Weiss Ratings raised shares of Interactive Brokers Group from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, July 15th. Bank of America boosted their target price on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Piper Sandler set a $109.00 price target on Interactive Brokers Group in a research note on Wednesday, July 22nd. The Goldman Sachs Group set a $113.00 target price on shares of Interactive Brokers Group and gave the stock a "buy" rating in a research report on Tuesday, September 1st. Finally, Raymond James Financial began coverage on Interactive Brokers Group in a report on Wednesday, August 26th. They set a "market perform" rating on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $98.90.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and related financial services to individual investors, financial professionals, hedge funds, proprietary trading groups and other institutional clients. Through its online platforms, the company offers access to stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and other investment products.

The company operates a technology-focused brokerage platform designed to provide access to multiple markets and asset classes from a single account.

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