Franklin Resources Inc. Boosts Stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Franklin Resources Inc. grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 512.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,556 shares of the financial services provider's stock after buying an additional 7,159 shares during the quarter. Franklin Resources Inc.'s holdings in Interactive Brokers Group were worth $1,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in Interactive Brokers Group during the 4th quarter valued at about $25,000. SRH Advisors LLC purchased a new position in shares of Interactive Brokers Group during the 4th quarter worth approximately $28,000. Versant Capital Management Inc raised its position in shares of Interactive Brokers Group by 66.4% during the 4th quarter. Versant Capital Management Inc now owns 178 shares of the financial services provider's stock worth $31,000 after purchasing an additional 71 shares during the last quarter. Blue Trust Inc. raised its position in shares of Interactive Brokers Group by 90.7% during the 4th quarter. Blue Trust Inc. now owns 185 shares of the financial services provider's stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Finally, Rialto Wealth Management LLC purchased a new stake in Interactive Brokers Group in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 23.80% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Barclays raised their price target on Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a research report on Wednesday. StockNews.com downgraded shares of Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Friday. UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lifted their price target on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a report on Monday, January 13th. Finally, Piper Sandler reduced their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Interactive Brokers Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $207.88.

Insiders Place Their Bets

In related news, Director Jill Bright bought 135 shares of the stock in a transaction dated Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of IBKR traded up $1.62 during trading hours on Friday, hitting $159.52. The stock had a trading volume of 2,278,383 shares, compared to its average volume of 1,347,413. Interactive Brokers Group, Inc. has a 12-month low of $103.69 and a 12-month high of $236.53. The firm has a market cap of $67.41 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.59 and a beta of 1.02. The company's fifty day simple moving average is $183.78 and its 200 day simple moving average is $181.55.

Interactive Brokers Group shares are scheduled to split on the morning of Wednesday, June 18th. The 4-1 split was announced on Tuesday, April 15th. The newly issued shares will be issued to shareholders after the closing bell on Tuesday, June 17th.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last posted its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. As a group, sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.63%. Interactive Brokers Group's dividend payout ratio is currently 14.16%.

About Interactive Brokers Group

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.