Genus Capital Management Inc. Acquires Shares of 32,400 Interactive Brokers Group, Inc. $IBKR

Genus Capital Management Inc. acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 32,400 shares of the financial services provider’s stock, valued at approximately $2,084,000.

Other hedge funds have also recently bought and sold shares of the company. National Pension Service boosted its position in Interactive Brokers Group by 2.2% in the 3rd quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after buying an additional 15,339 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Interactive Brokers Group by 36.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 7,234 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of Interactive Brokers Group by 15.0% in the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after purchasing an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Interactive Brokers Group by 1,221.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after purchasing an additional 68,148 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new position in shares of Interactive Brokers Group in the 3rd quarter worth $1,798,000. 23.80% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IBKR shares. The Goldman Sachs Group set a $98.00 price target on Interactive Brokers Group in a research report on Friday, May 1st. Keefe, Bruyette & Woods started coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target on the stock. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets raised their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Piper Sandler raised their price target on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.25.

Interactive Brokers Group Stock Performance

IBKR stock opened at $81.35 on Monday. The business’s 50-day moving average price is $75.48 and its two-hundred day moving average price is $71.54. The firm has a market cap of $138.00 billion, a PE ratio of 35.06, a P/E/G ratio of 2.25 and a beta of 1.32. Interactive Brokers Group, Inc. has a 1-year low of $49.15 and a 1-year high of $88.44.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.94 earnings per share. On average, analysts forecast that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be issued a dividend of $0.0875 per share. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.09%.

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.