Nykredit A S Acquires New Holdings in Interactive Brokers Group, Inc. $IBKR

Nykredit A S bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 176,334 shares of the financial services provider’s stock, valued at approximately $15,348,000.

A number of other institutional investors have also recently bought and sold shares of IBKR. AQR Capital Management LLC increased its holdings in Interactive Brokers Group by 24.7% during the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 2,713 shares in the last quarter. Brown Advisory Inc. lifted its holdings in shares of Interactive Brokers Group by 307.9% in the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 10,943 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of Interactive Brokers Group during the second quarter worth about $318,000. Daiwa Securities Group Inc. boosted its position in shares of Interactive Brokers Group by 291.2% during the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after buying an additional 26,500 shares during the period. Finally, AXA S.A. grew its holdings in shares of Interactive Brokers Group by 128.1% during the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after buying an additional 7,197 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on IBKR. Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a “hold” rating on the stock. Raymond James Financial initiated coverage on shares of Interactive Brokers Group in a report on Wednesday, August 26th. They set a “market perform” rating for the company. The Goldman Sachs Group set a $113.00 price objective on Interactive Brokers Group and gave the company a “buy” rating in a report on Tuesday. Finally, Wolfe Research began coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus price target of $98.90.

Interactive Brokers Group Trading Down 0.4%

Interactive Brokers Group stock opened at $92.62 on Friday. The company has a market capitalization of $157.58 billion, a price-to-earnings ratio of 37.05, a PEG ratio of 1.72 and a beta of 1.35. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75. The stock’s 50 day moving average is $92.03 and its 200-day moving average is $83.14.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Interactive Brokers Group had a return on equity of 5.37% and a net margin of 9.94%.The business had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company posted $0.51 EPS. The firm’s quarterly revenue was up 28.1% on a year-over-year basis. As a group, equities research analysts predict that Interactive Brokers Group, Inc. will post 2.68 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.0875 per share. The ex-dividend date is Tuesday, September 1st. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.00%.

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.