Hartford Investment Management Co. Purchases Shares of 26,127 Interactive Brokers Group, Inc. $IBKR

Hartford Investment Management Co. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 26,127 shares of the financial services provider’s stock, valued at approximately $1,798,000.

Several other hedge funds also recently modified their holdings of IBKR. Huntington National Bank raised its holdings 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 in the last quarter. Private Wealth Asset Management LLC boosted its holdings in shares of Interactive Brokers Group by 300.0% in 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 during the last quarter. LFA Lugano Financial Advisors SA bought a new position in shares of Interactive Brokers Group in the second quarter valued at $32,000. N.E.W. Advisory Services LLC grew its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock valued at $35,000 after buying an additional 474 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in 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 worth $42,000 after buying an additional 694 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. This trade represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Down 2.0%

Shares of NASDAQ IBKR opened at $73.44 on Thursday. The firm has a market cap of $124.56 billion, a P/E ratio of 33.16, a price-to-earnings-growth ratio of 2.10 and a beta of 1.24. The business’s 50 day moving average is $68.87 and its 200-day moving average is $66.87. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $78.80.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. Analysts forecast 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 will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Analysts Set New Price Targets

IBKR has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Finally, Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. One investment 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, Interactive Brokers Group currently has a consensus rating of “Buy” and an average price target of $76.39.

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.