Baader Bank Aktiengesellschaft Has $819,000 Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Baader Bank Aktiengesellschaft increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 103.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,255 shares of the financial services provider’s stock after acquiring an additional 6,229 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Interactive Brokers Group were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBKR. State Street Corp grew its stake in shares of Interactive Brokers Group by 1.0% in the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after buying an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC raised its position in Interactive Brokers Group by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after acquiring an additional 95,878 shares in the last quarter. Wellington Management Group LLP raised its position in Interactive Brokers Group by 17.6% during the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after acquiring an additional 1,630,620 shares in the last quarter. Orbis Allan Gray Ltd lifted its stake in Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after acquiring an additional 2,534,772 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $94.42 on Wednesday. The stock’s 50-day moving average is $89.76 and its 200-day moving average is $78.97. The company has a market cap of $160.17 billion, a P/E ratio of 40.70, a P/E/G ratio of 2.10 and a beta of 1.33. Interactive Brokers Group, Inc. has a 52-week low of $58.95 and a 52-week high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.80 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.During the same quarter last year, the firm posted $0.51 EPS. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 2.55 EPS for the current year.

Insider Activity

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the topic of several analyst reports. Piper Sandler set a $105.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. BMO Capital Markets upped their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Jefferies Financial Group lowered their target price on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Bank of America boosted their price target on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $93.89.

About Interactive Brokers Group

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.