Interactive Brokers Group, Inc. (NASDAQ:IBKR) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 26.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 16,592 shares of the financial services provider’s stock after selling 5,837 shares during the quarter. Nordea Investment Management AB’s holdings in Interactive Brokers Group were worth $2,937,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in Interactive Brokers Group by 3.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 14,255 shares of the financial services provider’s stock valued at $1,748,000 after buying an additional 486 shares during the last quarter. Caprock Group LLC acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at $231,000. American Century Companies Inc. grew its holdings in Interactive Brokers Group by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 95,230 shares of the financial services provider’s stock valued at $11,675,000 after buying an additional 983 shares during the last quarter. Federated Hermes Inc. grew its holdings in Interactive Brokers Group by 0.7% during the 2nd quarter. Federated Hermes Inc. now owns 262,162 shares of the financial services provider’s stock valued at $32,141,000 after buying an additional 1,877 shares during the last quarter. Finally, Fairfield Financial Advisors LTD acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Trading Down 3.0 %

Shares of IBKR opened at $185.21 on Friday. The firm has a market capitalization of $78.26 billion, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The stock’s fifty day simple moving average is $181.34 and its 200 day simple moving average is $148.18. Interactive Brokers Group, Inc. has a twelve month low of $83.86 and a twelve month high of $193.42.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.03). Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. The firm had revenue of $2.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business posted $1.55 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 6.82 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $0.25 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.00 dividend on an annualized basis and a yield of 0.54%. Interactive Brokers Group’s dividend payout ratio (DPR) is 15.27%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised their price objective on Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. UBS Group raised their price objective on Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Jefferies Financial Group raised their price objective on Interactive Brokers Group from $152.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Piper Sandler raised their price objective on Interactive Brokers Group from $163.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, January 7th. Finally, Barclays raised their price objective on Interactive Brokers Group from $165.00 to $214.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $188.25.

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.