Interactive Brokers Group, Inc. (NASDAQ:IBKR) Stake Raised by Natixis Advisors L.P.
Natixis Advisors L.P. boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) by 1.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,162 shares of the financial services provider’s stock after acquiring an additional 267 shares during the quarter. Natixis Advisors L.P.’s holdings in Interactive Brokers Group were worth $1,486,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Northern Trust Corp boosted its holdings in shares of Interactive Brokers Group by 0.7% during the third quarter. Northern Trust Corp now owns 733,695 shares of the financial services provider’s stock worth $63,509,000 after purchasing an additional 5,163 shares during the period. Retirement Planning Co of New England Inc. purchased a new stake in shares of Interactive Brokers Group during the third quarter worth $601,000. Mystic Asset Management Inc. boosted its position in Interactive Brokers Group by 4.4% during the third quarter. Mystic Asset Management Inc. now owns 7,050 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 300 shares during the last quarter. LPL Financial LLC grew its stake in Interactive Brokers Group by 10.1% in the third quarter. LPL Financial LLC now owns 57,839 shares of the financial services provider’s stock valued at $5,007,000 after purchasing an additional 5,329 shares in the last quarter. Finally, Hsbc Holdings PLC increased its position in Interactive Brokers Group by 1.0% in the 3rd quarter. Hsbc Holdings PLC now owns 202,093 shares of the financial services provider’s stock worth $17,471,000 after purchasing an additional 2,093 shares during the last quarter. Hedge funds and other institutional investors own 21.56% of the company’s stock.
Interactive Brokers Group Trading Up 0.4 %
Shares of Interactive Brokers Group stock opened at $110.00 on Thursday. The firm has a fifty day simple moving average of $95.49 and a 200-day simple moving average of $88.55. The stock has a market capitalization of $46.31 billion, a price-to-earnings ratio of 19.43, a PEG ratio of 1.02 and a beta of 0.83. Interactive Brokers Group, Inc. has a 1-year low of $70.83 and a 1-year high of $112.50.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last released its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.01). The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.14 billion. Interactive Brokers Group had a return on equity of 4.66% and a net margin of 7.72%. The firm’s revenue was up 16.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.30 EPS. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current year.
Interactive Brokers Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 7.07%.
Analyst Ratings Changes
Several equities research analysts recently commented on IBKR shares. Redburn Atlantic assumed coverage on Interactive Brokers Group in a research note on Friday, December 1st. They issued a “buy” rating and a $100.00 price target for the company. UBS Group dropped their price target on shares of Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating on the stock in a research note on Tuesday, January 9th. Finally, The Goldman Sachs Group raised shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $88.00 to $102.00 in a research note on Tuesday, January 9th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $110.38.
Read Our Latest Report on IBKR
Insider Buying and Selling at Interactive Brokers Group
In other news, Vice Chairman Earl H. Nemser sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $104.86, for a total value of $524,300.00. Following the completion of the sale, the insider now directly owns 113,770 shares of the company’s stock, valued at $11,929,922.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $103.53, for a total transaction of $1,035,300.00. Following the completion of the transaction, the insider now owns 123,770 shares in the company, valued at $12,813,908.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Earl H. Nemser sold 5,000 shares of Interactive Brokers Group stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $104.86, for a total value of $524,300.00. Following the sale, the insider now directly owns 113,770 shares in the company, valued at $11,929,922.20. The disclosure for this sale can be found here. Insiders have sold 520,027 shares of company stock valued at $48,369,714 in the last 90 days. 3.34% of the stock is currently owned by insiders.
Interactive Brokers Group Profile
Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in routing, executing, and processing trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), metals, and cryptocurrencies. It also custodies and services accounts for hedge and mutual funds, ETFs, registered investment advisors, proprietary trading groups, introducing brokers, and individual investors.
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