Allspring Global Investments Holdings LLC, a prominent financial services provider, has reportedly increased its position in shares of Interactive Brokers Group, Inc. by an astonishing 9.1% during the first quarter of 2021. As per the most recent filing with the Securities and Exchange Commission (SEC), the firm now owns 502,878 shares of the company’s stock after purchasing an additional 41,903 shares during the period under consideration. With interest in Interactive Brokers Group scaling up rapidly over time, Allspring Global Investments Holdings LLC owned roughly about 0.12% of the company’s worth which amounted to $41,518,000 at the end of this spell.
Interactive Brokers Group (NASDAQ:IBKR) – released their earnings results for Q1 last posted on Tuesday, April 18th. Unfortunately for investors and business enthusiasts alike, IBKR reported $1.35 earnings per share (EPS), missing analysts’ consensus estimates by ($0.05). The company had revenue figures of $1.06 billion throughout Q1 SQ21 as compared to a unanimous consensus estimate approximating likewise figures close to that mark as well.
However, despite this minor setback, Interactive Brokers Group still saw a marked improvement from their net margin figure from comparison calculations made against last year’s stats which had stood at around approximately 8.82%. This newly obtained margin and consolidated net gain was accompanied by a return on equity that investors would find relatively respectable hovering gently around a humble yet significant figure – at precisely 4.14%. Interestingly enough as well was that IBKR’s business revenue for Q1 skyrocketed astronomically by roughly about 63.7%.
In other news currently brewing within IBKR capital markets is that Philip Uhde, one of its esteemed directors sold off some shareholder interests recently and his control over significant parts of IBKR portfolios also subsided momentarily too; through this sale he crashed out of about 108,844 ownership-rights from the company’s shares. This bodes well for shareholders, as such moves that are transparent and open are what propel the market – by guaranteeing stakeholders are kept informed.
As a consolidation on analysts’ forecast goes, rumours have it that equities analysts generally predict an earnings-per-share score of roughly 5.63 for Interactive Brokers Group, Inc. this fiscal year. The high performance of the company in Q1 has breathed some durability into those figures on paper but obviously not enough to fully counterbalance contingencies or fluctuations that could arise in response to external factors over time but new opportunities may still happen where Interactive Brokers can take advantage of to elevate their standing on all fronts.
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Institutional Investors and Hedge Funds Increase Interest in Interactive Brokers Group
Interactive Brokers Group, Inc. (NASDAQ: IBKR) has recently seen increased attention and activity from various institutional investors and hedge funds. Bank of America Corp DE, Norges Bank, BlackRock Inc., Junto Capital Management LP and Cantillon Capital Management LLC are among the investors who have either added to or reduced their stakes in the company. Notably, Bank of America Corp DE increased its position by a staggering 1,311.8% during the fourth quarter and now owns 1,474,936 shares worth $106,712,000.
The financial services provider’s stock opened at $79.47 on Tuesday with a 12-month low of $52.43 and a 12-month high of $90.19. The company boasts a market cap of $33.35 billion with a price-to-earnings ratio of 17.98 and a beta of 0.78 while its 50-day simple moving average is $78.22 and its 200-day simple moving average is $79.17.
Director Philip Uhde recently sold over one hundred thousand shares for a total transaction value exceeding eight million dollars at an average price of $81.77 per share which equates to ownership of just over two thousand shares in the company valued at around $185,617.
Interactive Brokers Group also recently announced that it paid out a quarterly dividend on June 14th totalling $0.40 annually to shareholders who held shares as of June 1st this year.
Research firms have been actively assessing Interactive Brokers Group lately with Jefferies Financial Group boosting their target price from $104 to$106 per share while Citigroup upped their target price from $95 to $100 along with assigning a “buy” rating for the stock indicating that overall sentiment around the firm is upbeat.
It seems that Interactive Brokers Group continues to attract attention from big players in finance while remaining relatively well positioned in a volatile market.