Natixis Advisors LLC Raises Holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Natixis Advisors LLC increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 12.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,203 shares of the financial services provider’s stock after buying an additional 2,369 shares during the period. Natixis Advisors LLC’s holdings in Interactive Brokers Group were worth $3,746,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Catalyst Funds Management Pty Ltd bought a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $3,480,000. Picton Mahoney Asset Management purchased a new stake in Interactive Brokers Group during the fourth quarter valued at $534,000. Midwest Professional Planners LTD. bought a new position in Interactive Brokers Group during the fourth quarter valued at $223,000. Left Brain Wealth Management LLC purchased a new position in shares of Interactive Brokers Group in the 4th quarter worth $271,000. Finally, Atala Financial Inc bought a new stake in shares of Interactive Brokers Group in the 4th quarter worth about $62,000. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Trading Down 1.4 %

NASDAQ:IBKR opened at $173.36 on Friday. The stock has a fifty day simple moving average of $203.19 and a 200-day simple moving average of $176.73. The company has a market cap of $73.26 billion, a price-to-earnings ratio of 24.56, a price-to-earnings-growth ratio of 1.59 and a beta of 0.99. Interactive Brokers Group, Inc. has a twelve month low of $103.69 and a twelve month high of $236.53.

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 for the quarter, beating analysts’ consensus estimates of $1.81 by $0.22. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.37 billion. Interactive Brokers Group had a net margin of 9.25% and a return on equity of 5.00%. The firm’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter last year, the business posted $1.52 EPS. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a $0.25 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.00 annualized dividend and a yield of 0.58%. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.16%.

Insider Buying and Selling

In other news, Director Jill Bright purchased 135 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were acquired at an average price of $219.51 per share, with a total value of $29,633.85. Following the transaction, the director now owns 2,476 shares of the company’s stock, valued at $543,506.76. This represents a 5.77 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.99% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays lifted their price target on Interactive Brokers Group from $224.00 to $231.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up previously from $200.00) on shares of Interactive Brokers Group in a research report on Wednesday, January 22nd. Citigroup raised their price target on Interactive Brokers Group from $180.00 to $220.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. StockNews.com cut shares of Interactive Brokers Group from a “hold” rating to a “sell” rating in a research report on Monday, March 17th. Finally, UBS Group raised their target price on shares of Interactive Brokers Group from $225.00 to $265.00 and gave the stock a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $204.13.

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.