Investment House LLC Acquires New Holdings in Interactive Brokers Group, Inc. $IBKR

Investment House LLC acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, Holdings Channel reports. The fund acquired 61,686 shares of the financial services provider’s stock, valued at approximately $4,245,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Interactive Brokers Group by 303.9% in the 2nd quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after acquiring an additional 31,458,885 shares during the period. State Street Corp boosted its position in Interactive Brokers Group by 301.3% during the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after purchasing an additional 11,360,260 shares in the last quarter. Cantillon Capital Management LLC grew its stake in Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock valued at $709,449,000 after purchasing an additional 9,509,805 shares during the last quarter. Greenwich Wealth Management LLC raised its holdings in Interactive Brokers Group by 301.6% in the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after purchasing an additional 8,159,175 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Interactive Brokers Group by 227.7% during the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after buying an additional 7,051,682 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on IBKR. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Finally, Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.13.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total value of $734,505.00. Following the transaction, the director directly owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 25,000 shares of company stock worth $1,731,503. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Trading Up 0.5%

NASDAQ:IBKR opened at $77.58 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $78.56. The company has a market cap of $131.59 billion, a PE ratio of 35.02, a P/E/G ratio of 2.21 and a beta of 1.24. The company’s 50 day moving average is $66.93 and its two-hundred day moving average is $66.01.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc (NASDAQ: IBKR) is a global electronic brokerage holding company that provides trading, clearing and custody services to retail traders, institutional investors, proprietary trading groups and financial advisors. The firm offers direct access to a wide range of asset classes, including equities, options, futures, foreign exchange, bonds and exchange-traded funds across many international markets. Interactive Brokers emphasizes electronic order execution, automated trading and low transaction costs as core differentiators for its clients.

Its product suite centers on advanced trading platforms and infrastructure.