E. Ohman J or Asset Management AB Buys Shares of 11,195 Interactive Brokers Group, Inc. $IBKR

E. Ohman J or Asset Management AB bought a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,195 shares of the financial services provider’s stock, valued at approximately $720,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its stake in shares of Interactive Brokers Group by 301.3% during the 2nd quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after acquiring an additional 11,360,260 shares during the last quarter. Vanguard Group Inc. boosted its holdings in 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 valued at $3,637,234,000 after acquiring an additional 11,048,679 shares during the period. Greenwich Wealth Management LLC grew its position in Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock valued at $602,004,000 after acquiring an additional 8,159,175 shares during the last quarter. Orbis Allan Gray Ltd grew its position in Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. 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 worth $420,834,000 after purchasing an additional 5,260,923 shares during the period. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBKR. Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, BMO Capital Markets boosted their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $76.39.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction dated Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Up 3.9%

Shares of NASDAQ IBKR opened at $68.68 on Thursday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18. The firm has a market cap of $116.51 billion, a PE ratio of 31.01, a price-to-earnings-growth ratio of 1.85 and a beta of 1.23. The business has a fifty day simple moving average of $72.09 and a two-hundred day simple moving average of $68.62.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (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 the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.51 EPS. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.48%.

Interactive Brokers Group 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.