PFA Pension Forsikringsaktieselskab Acquires Shares of 268,840 Interactive Brokers Group, Inc. $IBKR

PFA Pension Forsikringsaktieselskab acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 268,840 shares of the financial services provider's stock, valued at approximately $17,475,000.

A number of other large investors have also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new position in shares of Interactive Brokers Group during the third quarter valued at about $27,000. Blue Trust Inc. lifted its position in shares of Interactive Brokers Group by 236.0% during the fourth quarter. Blue Trust Inc. now owns 672 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 472 shares in the last quarter. Ramsey Quantitative Systems bought a new position in shares of Interactive Brokers Group during the second quarter valued at about $44,000. Darwin Wealth Management LLC bought a new position in shares of Interactive Brokers Group during the second quarter valued at about $45,000. Finally, Close Asset Management Ltd bought a new position in shares of Interactive Brokers Group during the third quarter valued at about $60,000. 23.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

IBKR has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods initiated coverage on shares of Interactive Brokers Group in a research report on Wednesday, April 8th. They set a "market perform" rating and a $75.00 price target on the stock. Barclays raised their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an "overweight" rating in a research report on Wednesday, April 22nd. Piper Sandler raised their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an "overweight" rating in a research report on Wednesday, April 22nd. Jefferies Financial Group dropped their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a "buy" rating on the stock in a research report on Monday, April 6th. Finally, Zacks Research lowered shares of Interactive Brokers Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 24th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $83.25.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $80.46 on Monday. The firm has a market cap of $136.49 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.22 and a beta of 1.32. Interactive Brokers Group, Inc. has a 52 week low of $43.78 and a 52 week high of $82.88. The firm's 50-day simple moving average is $71.46 and its two-hundred day simple moving average is $69.92.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company's revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.94 earnings per share. Analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a $0.0875 dividend. This is a positive change from Interactive Brokers Group's previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, June 1st. Interactive Brokers Group's payout ratio is presently 15.09%.

Insider Buying and Selling

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the sale, the director owned 173,482 shares of the company's stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company's stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc NASDAQ: IBKR is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.

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