Sumitomo Mitsui Trust Group Inc. Has $77.94 Million Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Sumitomo Mitsui Trust Group Inc. decreased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 26.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 441,176 shares of the financial services provider’s stock after selling 158,928 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Interactive Brokers Group were worth $77,943,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Waverton Investment Management Ltd acquired a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $26,946,000. Allspring Global Investments Holdings LLC raised its position in Interactive Brokers Group by 262.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 258,353 shares of the financial services provider’s stock valued at $36,004,000 after purchasing an additional 187,010 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in Interactive Brokers Group in the third quarter worth $25,085,000. International Assets Investment Management LLC grew its holdings in shares of Interactive Brokers Group by 13,967.5% during the third quarter. International Assets Investment Management LLC now owns 149,115 shares of the financial services provider’s stock worth $20,781,000 after purchasing an additional 148,055 shares during the last quarter. Finally, Bamco Inc. NY increased its stake in shares of Interactive Brokers Group by 16.3% in the third quarter. Bamco Inc. NY now owns 912,608 shares of the financial services provider’s stock valued at $127,181,000 after buying an additional 127,640 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Jill Bright acquired 135 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was acquired at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the transaction, the director now directly owns 2,476 shares in the company, valued at approximately $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.21% of the company’s stock.

Interactive Brokers Group Stock Up 1.3 %

IBKR stock opened at $231.14 on Monday. Interactive Brokers Group, Inc. has a twelve month low of $94.45 and a twelve month high of $235.29. The business’s fifty day moving average is $192.09 and its 200-day moving average is $160.21. The company has a market cap of $97.66 billion, a P/E ratio of 32.74, a price-to-earnings-growth ratio of 1.62 and a beta of 0.89.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.22. The firm had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a return on equity of 5.00% and a net margin of 9.25%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.52 earnings per share. Research analysts anticipate that Interactive Brokers Group, Inc. will post 7.39 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Friday, February 28th. Interactive Brokers Group’s payout ratio is presently 14.16%.

Analyst Ratings Changes

A number of equities research analysts have commented on IBKR shares. The Goldman Sachs Group increased their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Citigroup raised their price target on shares of Interactive Brokers Group from $180.00 to $220.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays upped their price objective on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and issued a $210.00 target price (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the company a “market perform” rating in a research note on Monday, January 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $204.13.

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.