Integrated Quantitative Investments LLC Acquires Shares of 14,988 Interactive Brokers Group, Inc. $IBKR

Integrated Quantitative Investments LLC bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 14,988 shares of the financial services provider’s stock, valued at approximately $1,031,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IBKR. Vanguard Group Inc. lifted its position in Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after buying an additional 31,458,885 shares during the period. State Street Corp increased its stake in shares of Interactive Brokers Group by 301.3% during the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after purchasing an additional 11,360,260 shares in the last quarter. Greenwich Wealth Management LLC boosted its position in shares of Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after purchasing an additional 8,159,175 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Interactive Brokers Group by 227.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after buying an additional 7,051,682 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its holdings 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 worth $539,697,000 after acquiring an additional 6,246,715 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 400,000 shares of company stock valued at $30,725,122. Corporate insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IBKR shares. BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, Barclays set a $83.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Price Performance

IBKR stock opened at $69.15 on Thursday. The company has a market cap of $117.29 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 1.94 and a beta of 1.23. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $79.18. The stock’s fifty day moving average price is $72.37 and its 200-day moving average price is $68.11.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.51 EPS. As a group, analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

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.