Elo Mutual Pension Insurance Co Has $1.18 Million Position in Interactive Brokers Group, Inc. $IBKR

Elo Mutual Pension Insurance Co lessened its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 44.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,153 shares of the financial services provider’s stock after selling 13,785 shares during the quarter. Elo Mutual Pension Insurance Co’s holdings in Interactive Brokers Group were worth $1,180,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of IBKR. AQR Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after purchasing an additional 2,713 shares during the last quarter. Keybank National Association OH grew its position in Interactive Brokers Group by 106.4% in the second quarter. Keybank National Association OH now owns 3,747 shares of the financial services provider’s stock valued at $208,000 after purchasing an additional 1,932 shares in the last quarter. Assetmark Inc. increased its stake in Interactive Brokers Group by 369.9% in the 2nd quarter. Assetmark Inc. now owns 3,562 shares of the financial services provider’s stock valued at $197,000 after buying an additional 2,804 shares during the last quarter. Burney Co. acquired a new stake in Interactive Brokers Group in the 2nd quarter valued at $327,000. Finally, Bank of New York Mellon Corp lifted its position in Interactive Brokers Group by 265.2% during the 2nd 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 buying an additional 2,348,305 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Finally, Barclays set a $83.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Stock Down 1.6%

Shares of NASDAQ IBKR opened at $68.05 on Friday. The business’s 50 day moving average price is $72.41 and its two-hundred day moving average price is $68.11. The company has a market cap of $115.42 billion, a PE ratio of 30.72, a price-to-earnings-growth ratio of 1.93 and a beta of 1.23. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $79.18.

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

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given 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 Friday, February 27th. Interactive Brokers Group’s payout ratio is 14.48%.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of the company’s stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last three months. Insiders own 2.97% of the company’s stock.

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.