Hsbc Holdings PLC Has $72.30 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Hsbc Holdings PLC boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 24.3% during the fourth quarter, Holdings Channel reports. The fund owned 1,120,539 shares of the financial services provider’s stock after purchasing an additional 219,180 shares during the period. Hsbc Holdings PLC’s holdings in Interactive Brokers Group were worth $72,299,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in shares of Interactive Brokers Group in the fourth quarter valued at approximately $26,000. IMA Advisory Services Inc. boosted its stake in Interactive Brokers Group by 64.3% in the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares during the period. Tobam bought a new stake in Interactive Brokers Group in the 4th quarter valued at $30,000. Entrust Financial LLC acquired a new position in Interactive Brokers Group in the 4th quarter valued at $31,000. Finally, SHP Wealth Management acquired a new position in Interactive Brokers Group in the 4th quarter valued at $31,000. 23.80% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares in the company, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Stock Performance

Shares of Interactive Brokers Group stock opened at $91.33 on Friday. The firm has a market capitalization of $154.93 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.52 and a beta of 1.33. The firm’s 50 day moving average is $86.64 and its 200 day moving average is $76.40. Interactive Brokers Group, Inc. has a 1 year low of $56.33 and a 1 year high of $97.84.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were issued a dividend of $0.0875 per share. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 15.09%.

Analyst Ratings Changes

A number of research firms have recently weighed in on IBKR. Weiss Ratings downgraded Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Jefferies Financial Group cut their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research note on Monday, April 6th. Keefe, Bruyette & Woods began coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price target on the stock. Wolfe Research started coverage on Interactive Brokers Group in a research note on Monday, June 8th. They set an “outperform” rating and a $101.00 price objective on the stock. Finally, BMO Capital Markets boosted their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.22.

About Interactive Brokers Group

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.