Canada Post Corp Registered Pension Plan Acquires New Holdings in Interactive Brokers Group, Inc. $IBKR

Canada Post Corp Registered Pension Plan bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, HoldingsChannel reports. The firm bought 7,500 shares of the financial services provider’s stock, valued at approximately $516,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Huntington National Bank increased its stake in shares of Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares in the last quarter. Private Wealth Asset Management LLC lifted its stake in 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 in the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Interactive Brokers Group during the 2nd quarter valued at $32,000. N.E.W. Advisory Services LLC increased its position in Interactive Brokers Group by 300.0% during the second quarter. N.E.W. Advisory Services LLC now owns 632 shares of the financial services provider’s stock worth $35,000 after buying an additional 474 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Interactive Brokers Group by 1,051.5% in the second quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 694 shares during the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. BMO Capital Markets increased their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, January 21st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Barclays set a $83.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. Finally, CICC Research started coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $76.39.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $74.59 on Monday. The company has a market cap of $126.52 billion, a P/E ratio of 33.67, a P/E/G ratio of 2.09 and a beta of 1.24. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $78.80. The company has a 50-day moving average of $69.16 and a 200-day moving average of $67.03.

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

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend 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 at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total value of $4,533,060.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders sold 400,000 shares of company stock worth $30,725,122. Corporate insiders own 2.97% of the company’s stock.

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.