AIA Group Ltd Invests $1.84 Million in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

AIA Group Ltd purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 22,200 shares of the financial services provider's stock, valued at approximately $1,840,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. purchased a new position in shares of Interactive Brokers Group during the fourth quarter worth about $25,000. Eagle Bay Advisors LLC purchased a new position in shares of Interactive Brokers Group during the second quarter worth about $31,000. Rakuten Securities Inc. purchased a new position in shares of Interactive Brokers Group during the fourth quarter worth about $34,000. Headlands Technologies LLC purchased a new position in shares of Interactive Brokers Group during the third quarter worth about $40,000. Finally, Atlas Capital Advisors LLC purchased a new position in shares of Interactive Brokers Group during the first quarter worth about $40,000. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

IBKR traded up $0.95 during midday trading on Friday, hitting $111.55. The stock had a trading volume of 1,011,516 shares, compared to its average volume of 1,188,617. Interactive Brokers Group, Inc. has a 1 year low of $70.83 and a 1 year high of $116.92. The business has a fifty day moving average of $108.49 and a 200 day moving average of $92.68. The company has a market cap of $46.97 billion, a P/E ratio of 19.07, a price-to-earnings-growth ratio of 1.22 and a beta of 0.83.

Interactive Brokers Group (NASDAQ:IBKR - Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.01). Interactive Brokers Group had a net margin of 7.62% and a return on equity of 4.72%. The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The business's revenue for the quarter was up 16.7% compared to the same quarter last year. On average, equities research analysts anticipate that Interactive Brokers Group, Inc. will post 6.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Friday, May 31st. This is an increase from Interactive Brokers Group's previous quarterly dividend of $0.10. Interactive Brokers Group's dividend payout ratio is currently 17.09%.

Analyst Upgrades and Downgrades

IBKR has been the subject of several recent analyst reports. Bank of America boosted their price objective on Interactive Brokers Group from $147.00 to $152.00 and gave the stock a "buy" rating in a report on Wednesday. Barclays boosted their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the stock an "overweight" rating in a report on Wednesday. Piper Sandler upped their target price on Interactive Brokers Group from $105.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, April 12th. UBS Group cut their target price on Interactive Brokers Group from $108.00 to $104.00 and set a "buy" rating for the company in a research note on Tuesday, January 9th. Finally, Citigroup upped their target price on Interactive Brokers Group from $105.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, April 11th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $124.00.

Insider Activity at Interactive Brokers Group

In related news, insider Thomas Aj Frank sold 50,300 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the completion of the transaction, the insider now owns 445,352 shares in the company, valued at $40,317,716.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Thomas Aj Frank sold 50,300 shares of the company's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $90.53, for a total transaction of $4,553,659.00. Following the completion of the transaction, the insider now owns 445,352 shares in the company, valued at $40,317,716.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the transaction, the insider now owns 113,770 shares of the company's stock, valued at approximately $11,929,922.20. The disclosure for this sale can be found here. Insiders sold a total of 428,883 shares of company stock worth $40,395,135 over the last quarter. 3.21% of the stock is 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.