American Century Companies Inc. Raises Holdings in Interactive Brokers Group, Inc. $IBKR

American Century Companies Inc. lifted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 5,953,647 shares of the financial services provider’s stock after purchasing an additional 351,136 shares during the period. American Century Companies Inc.’s holdings in Interactive Brokers Group were worth $409,670,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock valued at $2,269,000 after buying an additional 2,713 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Interactive Brokers Group by 275.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,168 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 3,791 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Interactive Brokers Group by 227.1% in the second quarter. Envestnet Asset Management Inc. now owns 1,005,043 shares of the financial services provider’s stock valued at $55,689,000 after buying an additional 697,782 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in Interactive Brokers Group by 299.4% during the second quarter. Ashton Thomas Private Wealth LLC now owns 8,580 shares of the financial services provider’s stock worth $475,000 after acquiring an additional 6,432 shares during the last quarter. Finally, Bessemer Group Inc. lifted its stake in Interactive Brokers Group by 33.1% in the 2nd quarter. Bessemer Group Inc. now owns 10,620 shares of the financial services provider’s stock valued at $589,000 after buying an additional 2,640 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 400,000 shares of company stock worth $30,725,122 in the last quarter. Insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IBKR. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. BMO Capital Markets increased their target price 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. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $71.19 on Friday. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The company has a 50-day moving average of $72.11 and a two-hundred day moving average of $67.97. The stock has a market cap of $120.75 billion, a price-to-earnings ratio of 32.14, a PEG ratio of 2.09 and a beta of 1.24.

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

Interactive Brokers Group Announces Dividend

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 given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is currently 14.48%.

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.