Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,989 shares of the financial services provider’s stock after purchasing an additional 5,739 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Interactive Brokers Group were worth $5,121,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sowell Financial Services LLC acquired a new stake in shares of Interactive Brokers Group in the fourth quarter valued at approximately $2,216,000. Amundi lifted its stake in Interactive Brokers Group by 748.1% in the 4th quarter. Amundi now owns 141,097 shares of the financial services provider’s stock valued at $26,934,000 after buying an additional 124,461 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in Interactive Brokers Group during the 4th quarter valued at $33,000. PNC Financial Services Group Inc. grew its holdings in Interactive Brokers Group by 7.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,517 shares of the financial services provider’s stock valued at $1,681,000 after buying an additional 678 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in Interactive Brokers Group by 24.5% during the fourth quarter. Edgestream Partners L.P. now owns 55,764 shares of the financial services provider’s stock worth $9,852,000 after buying an additional 10,978 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Jill Bright purchased 135 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the acquisition, the director now owns 2,476 shares of the company’s stock, valued at approximately $543,506.76. This represents a 5.77 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. UBS Group increased their price objective 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. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on shares of Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Barclays raised their target price on shares of Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Keefe, Bruyette & Woods lifted 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. One 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 currently has an average rating of “Moderate Buy” and an average price target of $204.13.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $168.11 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $103.69 and a 1 year high of $236.53. The firm has a 50 day moving average price of $204.67 and a 200 day moving average price of $174.75. The company has a market cap of $71.04 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings data on Tuesday, January 21st. The financial services provider reported $2.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 EPS. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.59%. Interactive Brokers Group’s dividend payout ratio (DPR) is 14.16%.

Interactive Brokers Group Company 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.