115,119 Shares in Interactive Brokers Group, Inc. $IBKR Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, Holdings Channel reports. The fund purchased 115,119 shares of the financial services provider’s stock, valued at approximately $9,833,000.

A number of other institutional investors also recently made changes to their positions in IBKR. Wealth Enhancement Trust Services Inc. lifted its position in Interactive Brokers Group by 1,217.2% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 382 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 353 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Interactive Brokers Group by 584.6% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 534 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 456 shares during the period. CoreCap Advisors LLC boosted its holdings in shares of Interactive Brokers Group by 62.2% in the third quarter. CoreCap Advisors LLC now owns 524 shares of the financial services provider’s stock worth $45,000 after buying an additional 201 shares during the period. Mather Group LLC. boosted its stake in Interactive Brokers Group by 70.4% in the 3rd quarter. Mather Group LLC. now owns 656 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 271 shares during the period. Finally, Activest Wealth Management boosted its position in shares of Interactive Brokers Group by 2,960.9% in the third quarter. Activest Wealth Management now owns 704 shares of the financial services provider’s stock worth $60,000 after buying an additional 681 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $77.88 on Thursday. The company has a market capitalization of $132.51 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 1.27 and a beta of 1.37. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $98.75. The company’s fifty day moving average price is $87.30 and its 200 day moving average price is $82.95.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.57 earnings per share. Analysts anticipate that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $0.60 annualized dividend and a dividend yield of 0.8%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is presently 13.46%.

Analysts Set New Price Targets

IBKR has been the topic of a number of research analyst reports. Wells Fargo & Company initiated coverage on shares of Interactive Brokers Group in a research report on Friday, October 2nd. They set an “overweight” rating and a $102.00 price objective on the stock. Evercore initiated coverage on Interactive Brokers Group in a research report on Monday, October 12th. They issued an “outperform” rating and a $100.00 price target for the company. CICC Research upped their price target on Interactive Brokers Group from $90.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. The Goldman Sachs Group reissued a “buy” rating and set a $111.00 price objective on shares of Interactive Brokers Group in a report on Thursday, October 1st. Finally, Deutsche Bank Aktiengesellschaft set a $104.00 price objective on Interactive Brokers Group and gave the company a “buy” rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $102.87.

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence Harris sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of $82.61, for a total transaction of $2,065,250.00. Following the completion of the sale, the director owned 148,482 shares in the company, valued at $12,266,098.02. This represents a 14.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.80% of the company’s stock.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.