Banco Bilbao Vizcaya Argentaria S.A. Buys 74,824 Shares of Interactive Brokers Group, Inc. $IBKR

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 70.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 180,748 shares of the financial services provider’s stock after buying an additional 74,824 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Interactive Brokers Group were worth $12,437,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp bought a new position in Interactive Brokers Group during the 3rd quarter worth approximately $27,000. N.E.W. Advisory Services LLC lifted its position in Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 474 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in Interactive Brokers Group in the second quarter valued at approximately $44,000. Darwin Wealth Management LLC purchased a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $45,000. Finally, Close Asset Management Ltd purchased a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $60,000. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $66.19 on Monday. The firm has a market cap of $112.27 billion, a P/E ratio of 29.88, a P/E/G ratio of 1.85 and a beta of 1.23. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18. The business’s 50 day moving average price is $72.65 and its 200-day moving average price is $68.38.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results 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 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 the consensus estimate of $1.58 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were issued a $0.08 dividend. The ex-dividend date was Friday, February 27th. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 14.48%.

Insider Buying and Selling

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 400,000 shares of company stock valued at $30,725,122. 2.97% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IBKR has been the topic of several analyst reports. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. BMO Capital Markets raised their price target 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. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.39.

Interactive Brokers Group Company 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.