Aberdeen Group plc Invests $1.95 Million in Interactive Brokers Group, Inc. $IBKR

Aberdeen Group plc purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 28,298 shares of the financial services provider’s stock, valued at approximately $1,947,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. National Pension Service lifted its stake in Interactive Brokers Group by 2.2% in the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock worth $48,692,000 after acquiring an additional 15,339 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock valued at $1,777,000 after purchasing an additional 7,234 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Interactive Brokers Group by 15.0% during the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after purchasing an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Interactive Brokers Group by 1,221.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after purchasing an additional 68,148 shares in the last quarter. Finally, Convergence Investment Partners LLC acquired a new position in shares of Interactive Brokers Group during the third quarter worth $2,468,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IBKR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. CICC Research began coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target on the stock. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Finally, 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to 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 Trading Up 0.5%

Shares of IBKR opened at $74.39 on Friday. The company’s 50 day simple moving average is $71.17 and its 200-day simple moving average is $67.73. The firm has a market cap of $126.18 billion, a PE ratio of 33.58, a price-to-earnings-growth ratio of 2.08 and a beta of 1.24. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating 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 company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same period in the previous year, the business posted $0.51 earnings per share. Interactive Brokers Group’s quarterly revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

Insider Activity

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

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.