Allspring Global Investments Holdings LLC Has $46 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Allspring Global Investments Holdings LLC raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 684,230 shares of the financial services provider’s stock after acquiring an additional 30,738 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Interactive Brokers Group were worth $46,001,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Interactive Brokers Group by 26.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock worth $3,637,234,000 after buying an additional 11,048,679 shares during the period. State Street Corp boosted its stake in Interactive Brokers Group by 23.2% during the 3rd quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after acquiring an additional 3,517,729 shares during the last quarter. Wellington Management Group LLP grew its holdings in Interactive Brokers Group by 17.6% during the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after purchasing an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd grew its holdings in Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the period. Finally, Bank of America Corp DE increased its stake in Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after purchasing an additional 5,260,923 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Up 1.3%

Interactive Brokers Group stock opened at $67.91 on Thursday. The stock has a market capitalization of $115.20 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.25. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The company has a 50 day moving average of $71.32 and a 200-day moving average of $68.73.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.51 earnings per share. Equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

Analyst Ratings Changes

IBKR has been the topic of several analyst reports. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $76.39.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 400,000 shares of company stock worth $30,725,122 over the last ninety days. 2.80% of the stock is owned by corporate insiders.

Interactive Brokers Group Company Profile

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.