Andra AP fonden Has $6.22 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Andra AP fonden boosted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 300.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 112,208 shares of the financial services provider’s stock after purchasing an additional 84,156 shares during the period. Andra AP fonden’s holdings in Interactive Brokers Group were worth $6,217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IBKR. Cantillon Capital Management LLC lifted its position 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 worth $709,449,000 after buying an additional 9,509,805 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Interactive Brokers Group by 265.2% in the second quarter. Bank of New York Mellon Corp now owns 3,233,651 shares of the financial services provider’s stock worth $179,177,000 after acquiring an additional 2,348,305 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Interactive Brokers Group by 1,476.3% in the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after acquiring an additional 1,343,007 shares during the last quarter. Trivest Advisors Ltd acquired a new stake in shares of Interactive Brokers Group in the 2nd quarter valued at approximately $72,997,000. Finally, Retirement Systems of Alabama boosted its stake in shares of Interactive Brokers Group by 301.0% in the 2nd quarter. Retirement Systems of Alabama now owns 1,057,199 shares of the financial services provider’s stock valued at $58,579,000 after purchasing an additional 793,553 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on IBKR shares. CICC Research started coverage on shares of Interactive Brokers Group in a research 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 research note on Friday, October 17th. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Tuesday, October 14th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.08.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $70.54 on Friday. The business’s 50 day simple moving average is $67.01 and its 200 day simple moving average is $59.50. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The stock has a market capitalization of $119.65 billion, a PE ratio of 33.87, a PEG ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 EPS. As a group, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 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 Friday, December 12th. Investors of record on Monday, December 1st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.38%.

Insider Buying and Selling at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 194,086 shares of Interactive Brokers Group stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total value of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company’s stock, valued at approximately $31,146,635. This trade represents a 29.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly owned 158,954 shares in the company, valued at $10,289,092.42. This represents a 42.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 1,220,797 shares of company stock worth $78,337,744. 2.97% of the stock is owned by company 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.