KBC Group NV Grows Stock Position in Interactive Brokers Group, Inc. $IBKR

KBC Group NV increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 0.4% in the 1st quarter, HoldingsChannel reports. The firm owned 2,115,438 shares of the financial services provider’s stock after purchasing an additional 8,844 shares during the period. KBC Group NV’s holdings in Interactive Brokers Group were worth $141,883,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. State Street Corp raised its position 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 purchasing an additional 187,763 shares in the last quarter. Cantillon Capital Management LLC grew its position in shares of Interactive Brokers Group by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after buying an additional 95,878 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Interactive Brokers Group by 17.6% during the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock worth $750,110,000 after buying an additional 1,630,620 shares in the last quarter. Orbis Allan Gray Ltd increased its stake in shares of Interactive Brokers Group by 178.8% during the second quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock worth $539,697,000 after buying an additional 6,246,715 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Interactive Brokers Group by 44.1% during the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock worth $533,026,000 after buying an additional 2,534,772 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Stock Performance

IBKR opened at $90.53 on Monday. Interactive Brokers Group, Inc. has a one year low of $58.95 and a one year high of $97.84. The company has a market cap of $153.57 billion, a P/E ratio of 39.02, a PEG ratio of 2.07 and a beta of 1.33. The business’s 50-day simple moving average is $89.43 and its 200-day simple moving average is $78.57.

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 during the quarter, compared to analysts’ expectations of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 earnings per share. As a group, analysts predict that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current fiscal 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 issued a dividend of $0.0875 per share. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 15.09%.

Wall Street Analysts Forecast Growth

IBKR has been the subject of a number of recent research reports. China Renaissance initiated coverage on shares of Interactive Brokers Group in a research note on Tuesday, July 7th. They issued a “hold” rating for the company. Wolfe Research assumed coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They set an “outperform” rating and a $101.00 price target for the company. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. BMO Capital Markets raised their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Finally, Bank of America lifted their price objective on shares of Interactive Brokers Group from $83.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.89.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 26,000 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company’s stock.

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.