O Shaughnessy Asset Management LLC Acquires Shares of 2,825 Interactive Brokers Group, Inc. (NASDAQ:IBKR)
O Shaughnessy Asset Management LLC bought a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,825 shares of the financial services provider’s stock, valued at approximately $245,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Interactive Brokers Group by 7.0% during the 3rd quarter. Vanguard Group Inc. now owns 9,035,116 shares of the financial services provider’s stock valued at $577,435,000 after purchasing an additional 592,266 shares during the last quarter. BlackRock Inc. increased its position in shares of Interactive Brokers Group by 0.8% during the first quarter. BlackRock Inc. now owns 8,972,309 shares of the financial services provider’s stock valued at $740,754,000 after acquiring an additional 69,018 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Interactive Brokers Group by 0.9% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,569,260 shares of the financial services provider’s stock valued at $628,778,000 after acquiring an additional 68,013 shares in the last quarter. Cantillon Capital Management LLC raised its holdings in Interactive Brokers Group by 6.4% in the 2nd quarter. Cantillon Capital Management LLC now owns 3,834,468 shares of the financial services provider’s stock worth $318,529,000 after acquiring an additional 230,068 shares during the last quarter. Finally, Greenwich Wealth Management LLC lifted its position in Interactive Brokers Group by 6.5% in the 3rd quarter. Greenwich Wealth Management LLC now owns 3,117,859 shares of the financial services provider’s stock valued at $269,882,000 after acquiring an additional 189,555 shares in the last quarter. 21.56% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Interactive Brokers Group
In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the completion of the transaction, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Interactive Brokers Group news, insider Thomas Aj Frank sold 13,189 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $86.13, for a total transaction of $1,135,968.57. Following the completion of the transaction, the insider now owns 630,023 shares in the company, valued at $54,263,880.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Earl H. Nemser sold 74,218 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $96.29, for a total transaction of $7,146,451.22. Following the transaction, the insider now owns 234,552 shares of the company’s stock, valued at approximately $22,585,012.08. The disclosure for this sale can be found here. Insiders sold 520,027 shares of company stock valued at $48,369,714 in the last 90 days. Insiders own 3.34% of the company’s stock.
Interactive Brokers Group Trading Down 1.2 %
NASDAQ:IBKR opened at $107.91 on Friday. The company has a 50 day simple moving average of $96.51 and a two-hundred day simple moving average of $88.78. The company has a market cap of $45.43 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.83. Interactive Brokers Group, Inc. has a 12 month low of $70.83 and a 12 month high of $112.50.
Interactive Brokers Group (NASDAQ:IBKR – Get Free Report) last announced its earnings results on Tuesday, January 16th. The financial services provider reported $1.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.01). The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Interactive Brokers Group had a net margin of 7.72% and a return on equity of 4.66%. The business’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Research analysts forecast that Interactive Brokers Group, Inc. will post 6.07 earnings per share for the current year.
Interactive Brokers Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Friday, March 1st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, February 29th. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 7.07%.
Wall Street Analyst Weigh In
A number of research firms have commented on IBKR. UBS Group reduced their target price on Interactive Brokers Group from $108.00 to $104.00 and set a “buy” rating for the company in a report on Tuesday, January 9th. The Goldman Sachs Group raised Interactive Brokers Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $88.00 to $102.00 in a report on Tuesday, January 9th. Finally, Redburn Atlantic began coverage on Interactive Brokers Group in a report on Friday, December 1st. They issued a “buy” rating and a $100.00 target price for the company. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average price target of $110.38.
View Our Latest Analysis on Interactive Brokers Group
Interactive Brokers Group Company 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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