Avanza Fonder AB Takes $768,000 Position in Interactive Brokers Group, Inc. $IBKR

Avanza Fonder AB purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, Holdings Channel reports. The fund purchased 11,940 shares of the financial services provider’s stock, valued at approximately $768,000.

Several other hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in Interactive Brokers Group during the 3rd quarter valued at about $27,000. N.E.W. Advisory Services LLC increased 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 purchasing an additional 474 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of Interactive Brokers Group in the second quarter valued at approximately $44,000. Darwin Wealth Management LLC bought a new stake in shares of Interactive Brokers Group during the second quarter valued at approximately $45,000. Finally, Close Asset Management Ltd bought a new stake in shares of Interactive Brokers Group during the third quarter valued at approximately $60,000. 23.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IBKR has been the subject of a number of recent analyst reports. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, BMO Capital Markets raised their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $76.39.

Interactive Brokers Group Stock Up 3.9%

NASDAQ:IBKR opened at $68.68 on Thursday. The business’s 50-day moving average price is $72.09 and its 200 day moving average price is $68.62. The firm has a market cap of $116.51 billion, a P/E ratio of 31.01, a PEG ratio of 1.85 and a beta of 1.23. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company earned $0.51 EPS. Interactive Brokers Group’s revenue was up 18.5% on a year-over-year basis. Sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, February 27th. Interactive Brokers Group’s payout ratio is presently 14.48%.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last ninety days. 2.80% of the stock is owned by corporate insiders.

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.