Hartford Investment Management Co. Makes New Investment in Interactive Brokers Group, Inc. $IBKR

Hartford Investment Management Co. bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 26,127 shares of the financial services provider’s stock, valued at approximately $1,798,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank increased its position in Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares during the period. LFA Lugano Financial Advisors SA bought a new position in shares of Interactive Brokers Group in the 2nd quarter valued at about $32,000. Private Wealth Asset Management LLC grew its position in shares of 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 worth $32,000 after buying an additional 435 shares during the period. N.E.W. Advisory Services LLC raised its stake in shares of Interactive Brokers Group by 300.0% during the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after buying an additional 474 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in Interactive Brokers Group by 1,051.5% in the second quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after buying an additional 694 shares during the period. Institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 400,000 shares of company stock valued at $30,725,122. Insiders own 2.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on IBKR. CICC Research assumed coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Buy” and an average price target of $76.39.

Interactive Brokers Group Stock Down 2.0%

Shares of NASDAQ:IBKR opened at $73.44 on Thursday. The firm has a market cap of $124.56 billion, a price-to-earnings ratio of 33.16, a PEG ratio of 2.10 and a beta of 1.24. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $78.80. The company’s fifty day simple moving average is $68.87 and its 200 day simple moving average is $66.87.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. During the same period in the prior year, the business earned $0.51 EPS. The company’s revenue for the quarter was up 18.5% compared to the same quarter last year. Research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Interactive Brokers Group 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.