Interactive Brokers Group, Inc. $IBKR Shares Acquired by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 290.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,913 shares of the financial services provider’s stock after acquiring an additional 122,702 shares during the period. Asset Management One Co. Ltd.’s holdings in Interactive Brokers Group were worth $9,138,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Compound Planning Inc. boosted its stake in shares of Interactive Brokers Group by 1.1% during the 1st quarter. Compound Planning Inc. now owns 5,784 shares of the financial services provider’s stock worth $958,000 after acquiring an additional 62 shares in the last quarter. CWM LLC raised its holdings in Interactive Brokers Group by 6.6% in the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock valued at $176,000 after acquiring an additional 66 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Interactive Brokers Group by 0.8% during the 1st quarter. Crossmark Global Holdings Inc. now owns 8,512 shares of the financial services provider’s stock worth $1,410,000 after buying an additional 70 shares during the last quarter. USS Investment Management Ltd boosted its position in Interactive Brokers Group by 0.4% during the 1st quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after purchasing an additional 76 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its position in Interactive Brokers Group by 3.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,480 shares of the financial services provider’s stock worth $411,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 1.1%

NASDAQ:IBKR opened at $69.49 on Tuesday. The stock has a market capitalization of $117.86 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 2.14 and a beta of 1.22. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The firm has a 50 day moving average of $65.61 and a 200-day moving average of $57.79.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The business had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. Interactive Brokers Group’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s payout ratio is 15.38%.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of research reports. CICC Research initiated coverage on Interactive Brokers Group in a research note on Monday. They issued an “outperform” rating and a $78.00 price target for the company. Citigroup raised their target price on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Barclays set a $80.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. BMO Capital Markets boosted their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday, October 17th. Finally, Piper Sandler set a $80.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.08.

Insiders Place Their Bets

In related news, Director Jill Bright purchased 400 shares of the stock in a transaction on Thursday, October 23rd. The shares were purchased at an average cost of $65.95 per share, with a total value of $26,380.00. Following the acquisition, the director directly owned 10,304 shares in the company, valued at $679,548.80. The trade was a 4.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 17,058 shares of the stock in a transaction that occurred on Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the transaction, the chief financial officer owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,235,583 shares of company stock valued at $79,247,235 in the last three months. 2.97% of the stock is currently owned by corporate insiders.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.