Swiss National Bank Acquires 10,900 Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Swiss National Bank lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRGet Rating) by 5.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 219,800 shares of the financial services provider’s stock after acquiring an additional 10,900 shares during the quarter. Swiss National Bank owned approximately 0.05% of Interactive Brokers Group worth $12,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in IBKR. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 8,307,988 shares of the financial services provider’s stock valued at $547,580,000 after purchasing an additional 452,809 shares during the period. Select Equity Group L.P. raised its holdings in Interactive Brokers Group by 5.8% in the 1st quarter. Select Equity Group L.P. now owns 6,038,789 shares of the financial services provider’s stock valued at $398,017,000 after acquiring an additional 332,931 shares in the last quarter. Cantillon Capital Management LLC raised its holdings in Interactive Brokers Group by 12.1% in the 2nd quarter. Cantillon Capital Management LLC now owns 2,492,911 shares of the financial services provider’s stock valued at $137,135,000 after acquiring an additional 268,408 shares in the last quarter. Jarislowsky Fraser Ltd raised its holdings in Interactive Brokers Group by 2.8% in the 2nd quarter. Jarislowsky Fraser Ltd now owns 2,410,199 shares of the financial services provider’s stock valued at $132,585,000 after acquiring an additional 64,516 shares in the last quarter. Finally, State Street Corp raised its holdings in Interactive Brokers Group by 1.4% in the 1st quarter. State Street Corp now owns 2,261,234 shares of the financial services provider’s stock valued at $149,038,000 after acquiring an additional 30,803 shares in the last quarter. 97.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Interactive Brokers Group news, Chairman Thomas Peterffy sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 19th. The stock was sold at an average price of $75.50, for a total value of $1,510,000.00. Following the completion of the transaction, the chairman now owns 2,567,511 shares of the company’s stock, valued at approximately $193,847,080.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 160,000 shares of company stock valued at $12,545,800 in the last 90 days. Corporate insiders own 5.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com assumed coverage on Interactive Brokers Group in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Barclays lifted their price objective on Interactive Brokers Group from $88.00 to $94.00 and gave the company an “overweight” rating in a report on Wednesday, October 19th. Finally, Citigroup started coverage on Interactive Brokers Group in a report on Tuesday, October 11th. They set a “buy” rating and a $85.00 price target for the company. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $93.50.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $75.06 on Friday. Interactive Brokers Group, Inc. has a 52 week low of $52.18 and a 52 week high of $82.83. The stock has a fifty day moving average of $72.26 and a 200-day moving average of $63.44. The stock has a market capitalization of $31.49 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 0.85 and a beta of 0.76.

Interactive Brokers Group (NASDAQ:IBKRGet Rating) last issued its earnings results on Tuesday, October 18th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.09. Interactive Brokers Group had a return on equity of 3.40% and a net margin of 9.66%. The business had revenue of $790.00 million during the quarter, compared to analysts’ expectations of $792.70 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 70.3% compared to the same quarter last year. On average, research analysts forecast that Interactive Brokers Group, Inc. will post 3.93 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 14th. Shareholders of record on Thursday, December 1st will be issued a $0.10 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $0.40 dividend on an annualized basis and a yield of 0.53%. Interactive Brokers Group’s payout ratio is presently 12.90%.

About Interactive Brokers Group

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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in executing, clearing, and settling 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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Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

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