Wellington Management Group LLP Buys 27,885 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Wellington Management Group LLP increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 126.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,968 shares of the financial services provider’s stock after purchasing an additional 27,885 shares during the quarter. Wellington Management Group LLP’s holdings in Interactive Brokers Group were worth $4,142,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Interactive Brokers Group during the 4th quarter worth approximately $97,476,000. Goldman Sachs Group Inc. lifted its stake in Interactive Brokers Group by 122.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 951,211 shares of the financial services provider’s stock worth $78,855,000 after purchasing an additional 524,503 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Interactive Brokers Group by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,566,830 shares of the financial services provider’s stock valued at $828,105,000 after purchasing an additional 308,236 shares in the last quarter. Polar Capital Holdings Plc bought a new position in shares of Interactive Brokers Group in the 3rd quarter valued at $18,025,000. Finally, Woodson Capital Management LP acquired a new position in shares of Interactive Brokers Group during the 4th quarter worth $16,000,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Down 0.3 %

NASDAQ IBKR opened at $122.60 on Friday. The firm has a market capitalization of $51.62 billion, a PE ratio of 20.96, a price-to-earnings-growth ratio of 1.22 and a beta of 0.82. The business’s 50-day moving average price is $121.84 and its two-hundred day moving average price is $106.96. Interactive Brokers Group, Inc. has a 12 month low of $72.60 and a 12 month high of $129.19.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, April 16th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.63 by $0.01. Interactive Brokers Group had a return on equity of 4.72% and a net margin of 7.62%. The business had revenue of $1.20 billion for the quarter, compared to analysts’ expectations of $1.19 billion. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 6.59 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date was Friday, May 31st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.10. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 17.09%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IBKR. Barclays raised their price objective on Interactive Brokers Group from $132.00 to $136.00 and gave the company an “overweight” rating in a research note on Wednesday, April 17th. Bank of America lifted their price target on shares of Interactive Brokers Group from $147.00 to $152.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Jefferies Financial Group increased their price objective on shares of Interactive Brokers Group from $133.00 to $138.00 and gave the company a “buy” rating in a research note on Wednesday, April 17th. Piper Sandler upped their price target on shares of Interactive Brokers Group from $105.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Citigroup raised their price objective on Interactive Brokers Group from $105.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, April 11th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.00.

About Interactive Brokers Group

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.