Nomura Asset Management Co. Ltd. Buys Shares of 13,463 Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Nomura Asset Management Co. Ltd. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,463 shares of the financial services provider’s stock, valued at approximately $2,379,000.

A number of other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in Interactive Brokers Group by 0.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,017,082 shares of the financial services provider’s stock worth $559,821,000 after acquiring an additional 11,379 shares in the last quarter. Cantillon Capital Management LLC lifted its position in shares of Interactive Brokers Group by 0.5% during the fourth quarter. Cantillon Capital Management LLC now owns 3,395,690 shares of the financial services provider’s stock worth $599,917,000 after purchasing an additional 18,047 shares in the last quarter. State Street Corp boosted its stake in shares of Interactive Brokers Group by 1.7% in the third quarter. State Street Corp now owns 3,222,135 shares of the financial services provider’s stock valued at $449,037,000 after purchasing an additional 52,911 shares during the period. Geode Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 5.4% in the third quarter. Geode Capital Management LLC now owns 2,065,535 shares of the financial services provider’s stock valued at $287,921,000 after purchasing an additional 106,392 shares in the last quarter. Finally, Norges Bank purchased a new stake in Interactive Brokers Group during the 4th quarter worth approximately $229,316,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other news, Director Jill Bright acquired 135 shares of Interactive Brokers Group stock in a transaction on Friday, January 31st. The stock was bought at an average price of $219.51 per share, for a total transaction of $29,633.85. Following the completion of the purchase, the director now owns 2,476 shares in the company, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IBKR shares. Citigroup decreased their price target on shares of Interactive Brokers Group from $242.00 to $215.00 and set a “buy” rating for the company in a research report on Wednesday. Keefe, Bruyette & Woods upped their price target on Interactive Brokers Group from $190.00 to $195.00 and gave the stock a “market perform” rating in a report on Monday, January 13th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price objective (up previously from $200.00) on shares of Interactive Brokers Group in a research note on Wednesday, January 22nd. UBS Group upped their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Finally, StockNews.com downgraded shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $203.50.

Interactive Brokers Group Stock Up 0.7 %

Shares of Interactive Brokers Group stock opened at $174.31 on Thursday. Interactive Brokers Group, Inc. has a 52 week low of $103.69 and a 52 week high of $236.53. The firm’s 50 day moving average is $200.34 and its two-hundred day moving average is $179.42. The firm has a market capitalization of $73.66 billion, a P/E ratio of 24.69, a P/E/G ratio of 1.59 and a beta of 0.99.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, January 21st. The financial services provider reported $2.03 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period last year, the firm posted $1.52 EPS. The company’s revenue was up 21.8% on a year-over-year basis. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Friday, February 28th. Interactive Brokers Group’s payout ratio is currently 14.16%.

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.