Invesco Ltd. Buys 214,844 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Invesco Ltd. boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) by 39.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 765,959 shares of the financial services provider's stock after buying an additional 214,844 shares during the quarter. Invesco Ltd. owned approximately 0.18% of Interactive Brokers Group worth $135,322,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in Interactive Brokers Group by 8,249.3% in the fourth quarter. Wellington Management Group LLP now owns 1,494,029 shares of the financial services provider's stock valued at $263,950,000 after buying an additional 1,476,135 shares during the period. Norges Bank bought a new position in shares of Interactive Brokers Group in the 4th quarter worth about $229,316,000. Raymond James Financial Inc. acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at about $120,046,000. Geode Capital Management LLC boosted its position in shares of Interactive Brokers Group by 9.4% during the 4th quarter. Geode Capital Management LLC now owns 2,259,032 shares of the financial services provider's stock valued at $399,205,000 after purchasing an additional 193,497 shares in the last quarter. Finally, Twin Tree Management LP grew its stake in Interactive Brokers Group by 492.8% during the fourth quarter. Twin Tree Management LP now owns 227,144 shares of the financial services provider's stock worth $40,130,000 after purchasing an additional 188,827 shares during the period. Institutional investors own 23.80% of the company's stock.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright bought 135 shares of the firm's stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.99% of the stock is currently owned by insiders.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR traded up $1.62 during mid-day trading on Friday, reaching $159.52. 2,278,383 shares of the company's stock traded hands, compared to its average volume of 1,344,535. Interactive Brokers Group, Inc. has a 1-year low of $103.69 and a 1-year high of $236.53. The stock has a market cap of $67.41 billion, a P/E ratio of 22.59, a PEG ratio of 1.59 and a beta of 1.02. The business has a 50-day simple moving average of $185.02 and a 200 day simple moving average of $181.14.

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

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The financial services provider reported $1.88 earnings per share for the quarter, missing the consensus estimate of $1.92 by ($0.04). Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Equities research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

IBKR has been the topic of several recent analyst reports. UBS Group boosted their price target on Interactive Brokers Group from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods increased their target price on shares of Interactive Brokers Group from $190.00 to $195.00 and gave the stock a "market perform" rating in a research note on Monday, January 13th. Citigroup reduced their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Piper Sandler dropped 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 report on Tuesday, April 8th. Finally, StockNews.com downgraded Interactive Brokers Group from a "hold" rating to a "sell" rating in a research note on Friday. One 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $207.88.

Interactive Brokers Group 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.