American Century Companies Inc. Buys 351,136 Shares of Interactive Brokers Group, Inc. $IBKR

American Century Companies Inc. raised its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,953,647 shares of the financial services provider’s stock after buying an additional 351,136 shares during the period. American Century Companies Inc. owned about 0.35% of Interactive Brokers Group worth $409,670,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP raised its stake in shares of Interactive Brokers Group by 1.9% in the third quarter. Quantbot Technologies LP now owns 56,489 shares of the financial services provider’s stock worth $3,887,000 after purchasing an additional 1,038 shares during the last quarter. Caitlin John LLC lifted its holdings in Interactive Brokers Group by 0.6% during the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 153 shares in the last quarter. Ibex Wealth Advisors boosted its holdings in Interactive Brokers Group by 3.3% in the 3rd quarter. Ibex Wealth Advisors now owns 146,353 shares of the financial services provider’s stock worth $10,071,000 after buying an additional 4,647 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Interactive Brokers Group by 2.1% in the third quarter. Handelsbanken Fonder AB now owns 86,678 shares of the financial services provider’s stock worth $5,964,000 after acquiring an additional 1,785 shares during the period. Finally, R Squared Ltd grew its holdings in Interactive Brokers Group by 141.1% during the 3rd quarter. R Squared Ltd now owns 9,021 shares of the financial services provider’s stock valued at $621,000 after buying an additional 5,279 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 over the last three months. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Stock Performance

NASDAQ:IBKR opened at $71.19 on Friday. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18. The company’s 50-day simple moving average is $72.11 and its 200-day simple moving average is $67.97. The stock has a market capitalization of $120.75 billion, a P/E ratio of 32.14, a P/E/G ratio of 2.09 and a beta of 1.24.

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

Interactive Brokers Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. BMO Capital Markets lifted their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $76.39.

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.