Baader Bank Aktiengesellschaft Purchases 6,229 Shares of Interactive Brokers Group, Inc. $IBKR

Baader Bank Aktiengesellschaft lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 103.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,255 shares of the financial services provider’s stock after purchasing an additional 6,229 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Interactive Brokers Group were worth $819,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBKR. State Street Corp increased its holdings in Interactive Brokers Group by 1.0% in the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after buying an additional 187,763 shares during the period. Cantillon Capital Management LLC boosted its position in shares of Interactive Brokers Group by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock valued at $820,589,000 after acquiring an additional 95,878 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Interactive Brokers Group by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after acquiring an additional 1,630,620 shares in the last quarter. Orbis Allan Gray Ltd increased its stake in Interactive Brokers Group by 178.8% in the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after acquiring an additional 6,246,715 shares during the period. Finally, Invesco Ltd. raised its position in Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after purchasing an additional 2,534,772 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Buying and Selling

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

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $94.42 on Wednesday. Interactive Brokers Group, Inc. has a 52 week low of $58.95 and a 52 week high of $97.84. The stock has a market capitalization of $160.17 billion, a P/E ratio of 40.70, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. The stock has a fifty day moving average of $89.76 and a 200-day moving average of $78.97.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company posted $0.51 EPS. Equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on IBKR shares. Jefferies Financial Group decreased their price objective on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a report on Monday, April 6th. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a research report on Friday, May 1st. Barclays boosted their price target on Interactive Brokers Group from $93.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Bank of America increased their price objective on Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Keefe, Bruyette & Woods started coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.89.

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.