7,801 Interactive Brokers Group, Inc. $IBKR Shares Bought by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 79,380 shares of the financial services provider’s stock after acquiring an additional 7,801 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Interactive Brokers Group were worth $6,841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Nykredit A S acquired a new position in shares of Interactive Brokers Group in the second quarter valued at approximately $15,348,000. Engineers Gate Manager LP increased its stake in Interactive Brokers Group by 831.3% during the 2nd quarter. Engineers Gate Manager LP now owns 108,359 shares of the financial services provider’s stock worth $9,432,000 after buying an additional 96,724 shares during the period. TD Waterhouse Canada Inc. lifted its holdings in Interactive Brokers Group by 79.4% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 516,646 shares of the financial services provider’s stock worth $48,185,000 after buying an additional 228,716 shares in the last quarter. AXQ Capital LP lifted its holdings in Interactive Brokers Group by 69.6% during the 2nd quarter. AXQ Capital LP now owns 45,065 shares of the financial services provider’s stock worth $3,922,000 after buying an additional 18,499 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in Interactive Brokers Group by 30.1% during the 1st quarter. Cetera Investment Advisers now owns 209,311 shares of the financial services provider’s stock worth $14,038,000 after buying an additional 48,443 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Trading Down 6.6%

Shares of IBKR stock opened at $72.73 on Friday. The firm has a fifty day moving average price of $86.81 and a 200 day moving average price of $82.95. The company has a market cap of $123.74 billion, a P/E ratio of 27.97, a PEG ratio of 1.27 and a beta of 1.37. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, meeting the consensus estimate of $0.67. Interactive Brokers Group had a return on equity of 5.38% and a net margin of 10.03%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.86 billion. During the same quarter in the prior year, the company posted $0.57 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 2.69 EPS 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. Stockholders 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 an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is currently 23.08%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Weiss Ratings cut shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 30th. Raymond James Financial started coverage on Interactive Brokers Group in a research report on Wednesday, August 26th. They set a “market perform” rating on the stock. Evercore assumed coverage on Interactive Brokers Group in a research report on Monday, October 12th. They set an “outperform” rating and a $100.00 price objective on the stock. Jefferies Financial Group increased their price objective on Interactive Brokers Group from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.87.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence Harris sold 25,000 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $82.61, for a total value of $2,065,250.00. Following the transaction, the director owned 148,482 shares in the company, valued at approximately $12,266,098.02. This represents a 14.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.