Banque Cantonale Vaudoise Acquires New Position in Interactive Brokers Group, Inc. $IBKR

Banque Cantonale Vaudoise acquired a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,164 shares of the financial services provider’s stock, valued at approximately $548,000.

Several other large investors have also recently bought and sold shares of the business. AQR Capital Management LLC grew its holdings in shares of Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after acquiring an additional 2,713 shares during the period. Brown Advisory Inc. increased its stake in Interactive Brokers Group by 307.9% in the 2nd quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock valued at $803,000 after purchasing an additional 10,943 shares in the last quarter. Cerity Partners LLC acquired a new position in Interactive Brokers Group during the second quarter worth $318,000. Daiwa Securities Group Inc. raised its holdings in Interactive Brokers Group by 291.2% during the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after purchasing an additional 26,500 shares during the last quarter. Finally, AXA S.A. boosted its position in Interactive Brokers Group by 128.1% during the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after purchasing an additional 7,197 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $13,345,970.26. The trade was a 13.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on IBKR shares. BMO Capital Markets upped their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. 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. Wolfe Research began coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price objective on the stock. Barclays increased their price objective on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $85.22.

Interactive Brokers Group Trading Up 0.1%

Interactive Brokers Group stock opened at $89.89 on Monday. The firm has a market capitalization of $152.48 billion, a P/E ratio of 38.74, a PEG ratio of 2.48 and a beta of 1.32. The stock has a fifty day moving average price of $85.62 and a 200 day moving average price of $75.61. Interactive Brokers Group, Inc. has a 52 week low of $52.96 and a 52 week high of $97.84.

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

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were paid 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, June 1st. Interactive Brokers Group’s payout ratio is presently 15.09%.

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.