Mirae Asset Global Investments Co. Ltd. Grows Stake in Interactive Brokers Group, Inc. $IBKR

Mirae Asset Global Investments Co. Ltd. boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1,221.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,728 shares of the financial services provider’s stock after purchasing an additional 68,148 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Interactive Brokers Group were worth $5,073,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IBKR. Huntington National Bank raised its position in shares of Interactive Brokers Group by 51.8% in the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after buying an additional 176 shares in the last quarter. Private Wealth Asset Management LLC raised its holdings in shares of Interactive Brokers Group by 300.0% during the 2nd quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock valued at $32,000 after buying an additional 435 shares in the last quarter. LFA Lugano Financial Advisors SA purchased a new position in shares of Interactive Brokers Group during the second quarter worth approximately $32,000. N.E.W. Advisory Services LLC grew its holdings in shares of Interactive Brokers Group by 300.0% during the 2nd 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. Finally, First Horizon Advisors Inc. grew its stake in shares of Interactive Brokers Group by 1,051.5% during the second quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after buying an additional 694 shares during the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $74.88 on Monday. The firm has a fifty day moving average price of $68.19 and a 200 day moving average price of $66.63. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $78.80. The firm has a market cap of $127.01 billion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 2.09 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The business had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.51 earnings per share. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a $0.08 dividend. The ex-dividend date is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Insider Activity

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 400,000 shares of company stock valued at $30,725,122. Company insiders own 2.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Piper Sandler set a $80.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. CICC Research began coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price target for the company. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.