Asset Management One Co. Ltd. Has $12.35 Million Stake in Interactive Brokers Group, Inc. $IBKR

Asset Management One Co. Ltd. increased its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 8.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 179,446 shares of the financial services provider’s stock after purchasing an additional 14,533 shares during the period. Asset Management One Co. Ltd.’s holdings in Interactive Brokers Group were worth $12,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Partners LLC lifted its stake in shares of Interactive Brokers Group by 312.9% in the second quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock valued at $27,000 after buying an additional 363 shares in the last quarter. Huntington National Bank raised its holdings in shares of Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. Contravisory Investment Management Inc. lifted its position in Interactive Brokers Group by 300.0% in the 2nd quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 423 shares in the last quarter. Private Wealth Asset Management LLC boosted its stake in Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 435 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA bought a new stake in Interactive Brokers Group during the 2nd quarter worth approximately $32,000. Institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBKR. BMO Capital Markets raised their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a report on Friday, October 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Barclays reaffirmed an “overweight” rating and set a $81.00 price objective (up from $80.00) on shares of Interactive Brokers Group in a report on Friday, December 12th. Finally, Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Tuesday, October 14th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average target price of $72.19.

Interactive Brokers Group Stock Up 1.8%

Interactive Brokers Group stock opened at $72.88 on Wednesday. The firm has a 50 day moving average price of $66.22 and a 200-day moving average price of $64.47. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The company has a market capitalization of $123.61 billion, a P/E ratio of 35.00, a P/E/G ratio of 2.02 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. Interactive Brokers Group’s revenue was up 21.2% on a year-over-year basis. Equities 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 was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 22,000 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the completion of the transaction, the director owned 231,704 shares in the company, valued at approximately $15,670,141.52. This represents a 8.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jill Bright acquired 400 shares of the stock in a transaction that occurred on Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the purchase, the director directly owned 10,304 shares in the company, valued at $679,548.80. This trade represents a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 55,000 shares of company stock worth $3,767,363 in the last ninety days. Insiders own 2.97% of the company’s stock.

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.