Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 342,608 shares of the financial services provider's stock after selling 33,069 shares during the period. Legal & General Group Plc owned 0.08% of Interactive Brokers Group worth $60,529,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IBKR. Wellington Management Group LLP boosted its stake in shares of Interactive Brokers Group by 8,249.3% during the 4th quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock worth $263,950,000 after buying an additional 1,476,135 shares during the last quarter. Norges Bank bought a new position in Interactive Brokers Group in the 4th quarter valued at approximately $229,316,000. Raymond James Financial Inc. bought a new position in shares of Interactive Brokers Group during the fourth quarter valued at $120,046,000. Invesco Ltd. raised its position in shares of Interactive Brokers Group by 39.0% in the 4th quarter. Invesco Ltd. now owns 765,959 shares of the financial services provider's stock worth $135,322,000 after acquiring an additional 214,844 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Interactive Brokers Group by 9.4% in the fourth quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock worth $399,205,000 after purchasing an additional 193,497 shares during the period. Institutional investors own 23.80% of the company's stock.

Interactive Brokers Group Stock Performance

NASDAQ IBKR traded up $2.29 on Thursday, hitting $160.19. 878,714 shares of the stock were exchanged, compared to its average volume of 1,344,158. Interactive Brokers Group, Inc. has a 52-week low of $103.69 and a 52-week high of $236.53. The firm has a market capitalization of $67.69 billion, a P/E ratio of 22.72, a P/E/G ratio of 1.59 and a beta of 1.02. The stock has a fifty day moving average price of $186.35 and a two-hundred day moving average price of $181.00.

Shares of Interactive Brokers Group are going 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 released its earnings results on Tuesday, April 15th. The financial services provider reported $1.88 EPS for the quarter, missing analysts' consensus estimates of $1.92 by ($0.04). Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.37 billion. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Interactive Brokers Group's payout ratio is currently 14.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IBKR. Barclays boosted their target price on Interactive Brokers Group from $188.00 to $193.00 and gave the stock an "overweight" rating in a research note on Wednesday. StockNews.com upgraded Interactive Brokers Group from a "sell" rating to a "hold" rating in a research report on Thursday, April 10th. Bank of America reduced their price objective on shares of Interactive Brokers Group from $265.00 to $243.00 and set a "buy" rating for the company in a research note on Wednesday. UBS Group upped their target price on Interactive Brokers Group from $225.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Finally, Piper Sandler cut their price objective on shares of Interactive Brokers Group from $210.00 to $192.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $207.88.

Insider Buying and Selling

In other news, Director Jill Bright bought 135 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at $543,506.76. This trade represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.99% of the stock is currently owned by corporate insiders.

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.