Marshall Wace LLP Boosts Stock Position in Interactive Brokers Group, Inc. $IBKR

Marshall Wace LLP lifted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 353.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,415,370 shares of the financial services provider’s stock after acquiring an additional 4,220,463 shares during the quarter. Marshall Wace LLP owned approximately 0.32% of Interactive Brokers Group worth $300,066,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Interactive Brokers Group by 303.9% in the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock worth $2,316,715,000 after purchasing an additional 31,458,885 shares during the period. Cantillon Capital Management LLC lifted its stake in shares of Interactive Brokers Group by 288.7% during the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after buying an additional 9,509,805 shares in the last quarter. Greenwich Wealth Management LLC boosted its holdings in Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after buying an additional 8,159,175 shares during the period. JPMorgan Chase & Co. increased its stake in Interactive Brokers Group by 227.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after buying an additional 7,051,682 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Interactive Brokers Group by 190.9% during the second quarter. Geode Capital Management LLC now owns 6,682,629 shares of the financial services provider’s stock valued at $371,363,000 after acquiring an additional 4,385,602 shares during the period. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research note on Friday, October 17th. Weiss Ratings restated a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Tuesday, November 25th. CICC Research started coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $72.08.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $65.95 on Friday. The stock has a 50 day moving average price of $67.71 and a 200-day moving average price of $62.11. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The company has a market capitalization of $111.86 billion, a P/E ratio of 31.67, a P/E/G ratio of 1.98 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the business posted $1.61 earnings per share. Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Monday, December 1st will be issued a $0.08 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.38%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 22,000 shares of the business’s stock in a transaction that occurred on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the sale, the director directly owned 231,704 shares of the company’s stock, valued at $15,670,141.52. The trade was a 8.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the sale, the chief financial officer owned 158,954 shares in the company, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,026,711 shares of company stock valued at $65,238,880. 2.97% of the stock is owned by insiders.

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.