Burney Co. Acquires 42,402 Shares of Interactive Brokers Group, Inc. $IBKR

Burney Co. boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 717.5% during the third quarter, Holdings Channel reports. The fund owned 48,312 shares of the financial services provider’s stock after purchasing an additional 42,402 shares during the period. Burney Co.’s holdings in Interactive Brokers Group were worth $3,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. USS Investment Management Ltd raised its position in shares of Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock valued at $3,339,000 after purchasing an additional 76 shares during the period. Huntington National Bank lifted its position in Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 176 shares during the last quarter. World Investment Advisors boosted its holdings in shares of Interactive Brokers Group by 3.0% during the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock worth $471,000 after acquiring an additional 202 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in shares of Interactive Brokers Group by 10.8% during the first quarter. Ashton Thomas Private Wealth LLC now owns 2,148 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 209 shares during the period. Finally, CWM LLC lifted its holdings in Interactive Brokers Group by 5.3% during the 3rd quarter. CWM LLC now owns 4,567 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 229 shares during the last quarter. 23.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IBKR. CICC Research began coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Barclays restated an “overweight” rating and issued a $81.00 price target (up from $80.00) on shares of Interactive Brokers Group in a research note on Friday, December 12th. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Finally, BMO Capital Markets lifted their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.19.

Interactive Brokers Group Stock Up 0.3%

IBKR stock opened at $66.16 on Friday. The company’s 50-day moving average price is $66.25 and its two-hundred day moving average price is $63.62. The firm has a market cap of $112.22 billion, a P/E ratio of 31.77, a P/E/G ratio of 2.02 and a beta of 1.26. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 EPS. Equities analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were paid a $0.08 dividend. The ex-dividend date was Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 15.38%.

Insiders Place Their Bets

In related news, Director Lawrence E. Harris sold 22,000 shares of Interactive Brokers Group stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the sale, the director directly owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. The trade was a 8.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jill Bright acquired 400 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were bought at an average price of $65.95 per share, with a total value of $26,380.00. Following the completion of the transaction, the director owned 10,304 shares in the company, valued at $679,548.80. This represents a 4.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 55,000 shares of company stock valued at $3,767,363 in the last three months. 2.97% of the stock is owned by insiders.

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.