Mitsubishi UFJ Asset Management Co. Ltd. Has $20.72 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 335.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 374,008 shares of the financial services provider’s stock after buying an additional 288,055 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Interactive Brokers Group were worth $20,724,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IBKR. Compound Planning Inc. lifted its stake in shares of Interactive Brokers Group by 1.1% in the first 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 during the period. CWM LLC raised its holdings in Interactive Brokers Group by 6.6% during the 1st quarter. CWM LLC now owns 1,062 shares of the financial services provider’s stock worth $176,000 after purchasing an additional 66 shares during the last quarter. USS Investment Management Ltd lifted its position in shares of Interactive Brokers Group by 0.4% in 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. Securian Asset Management Inc. boosted its stake in shares of Interactive Brokers Group by 1.2% in the 1st quarter. Securian Asset Management Inc. now owns 8,331 shares of the financial services provider’s stock valued at $1,380,000 after purchasing an additional 100 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC increased its position in shares of Interactive Brokers Group by 4.4% during the first quarter. Measured Wealth Private Client Group LLC now owns 3,012 shares of the financial services provider’s stock worth $499,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Transactions at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the firm’s stock in a transaction on Friday, September 26th. The stock was sold at an average price of $65.78, for a total value of $1,122,075.24. Following the transaction, the chief financial officer directly owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total transaction of $734,505.00. Following the completion of the sale, the director directly owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 1,026,711 shares of company stock valued at $65,238,880. Insiders own 2.97% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of several recent analyst reports. Barclays set a $80.00 target price on shares of Interactive Brokers Group and gave the company an “overweight” rating in a report on Friday, October 17th. CICC Research began coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective for the company. BMO Capital Markets upped their target price on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group 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 research report on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average price target of $72.08.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $70.87 on Wednesday. The company’s 50 day simple moving average is $67.32 and its two-hundred day simple moving average is $60.18. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $73.35. The stock has a market capitalization of $120.21 billion, a PE ratio of 34.03, a P/E/G ratio of 2.16 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 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% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 earnings per share. On average, research analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

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

Interactive Brokers Group Company 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.