IFM Investors Pty Ltd Acquires 5,589 Shares of Interactive Brokers Group, Inc. $IBKR

IFM Investors Pty Ltd increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,196 shares of the financial services provider’s stock after acquiring an additional 5,589 shares during the period. IFM Investors Pty Ltd’s holdings in Interactive Brokers Group were worth $6,318,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. HM Payson & Co. raised its holdings in shares of Interactive Brokers Group by 5.8% in the 4th quarter. HM Payson & Co. now owns 2,411 shares of the financial services provider’s stock worth $155,000 after buying an additional 133 shares in the last quarter. Ashton Thomas Private Wealth LLC boosted its stake in Interactive Brokers Group by 1.3% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock valued at $738,000 after buying an additional 143 shares in the last quarter. S&CO Inc. boosted its stake in Interactive Brokers Group by 0.3% in the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock valued at $4,056,000 after buying an additional 160 shares in the last quarter. Thrive Wealth Management LLC grew its position in Interactive Brokers Group by 1.8% in the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after acquiring an additional 162 shares during the period. Finally, Fifth Third Wealth Advisors LLC grew its position in Interactive Brokers Group by 2.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,287 shares of the financial services provider’s stock valued at $533,000 after acquiring an additional 165 shares during the period. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In related 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 value of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on IBKR shares. Piper Sandler increased their price objective on Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods began 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. BMO Capital Markets upped their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Wolfe Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. Finally, Weiss Ratings cut shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday. 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $85.22.

Interactive Brokers Group Price Performance

NASDAQ IBKR opened at $91.33 on Friday. The firm has a market cap of $154.93 billion, a PE ratio of 39.37, a price-to-earnings-growth ratio of 2.58 and a beta of 1.33. Interactive Brokers Group, Inc. has a one year low of $56.33 and a one year high of $97.84. The stock’s 50 day simple moving average is $86.38 and its 200 day simple moving average is $76.29.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same period last year, the firm posted $1.94 EPS. The business’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts expect 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 was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were paid a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis 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 is 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.