Mn Services Vermogensbeheer B.V. Purchases 14,919 Shares of Interactive Brokers Group, Inc. $IBKR

Mn Services Vermogensbeheer B.V. boosted its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 17.8% in the fourth quarter, Holdings Channel reports. The fund owned 98,519 shares of the financial services provider’s stock after purchasing an additional 14,919 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Interactive Brokers Group were worth $6,336,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. National Pension Service grew its position in Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after buying an additional 15,339 shares during the period. Jones Financial Companies Lllp raised its position in Interactive Brokers Group by 36.8% in the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 7,234 shares during the period. State of Michigan Retirement System boosted its stake in shares of Interactive Brokers Group by 15.0% during the 3rd quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock worth $8,285,000 after acquiring an additional 15,684 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Interactive Brokers Group by 1,221.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock worth $5,073,000 after acquiring an additional 68,148 shares during the last quarter. Finally, Convergence Investment Partners LLC bought a new stake in shares of Interactive Brokers Group during the 3rd quarter valued at $2,468,000. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of Interactive Brokers Group stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 400,000 shares of company stock worth $30,725,122 in the last three months. Company insiders own 2.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of IBKR stock opened at $67.74 on Friday. The company has a market capitalization of $114.91 billion, a price-to-earnings ratio of 30.58, a PEG ratio of 1.90 and a beta of 1.25. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18. The company’s fifty day moving average price is $71.13 and its 200-day moving average price is $68.72.

Interactive Brokers Group (NASDAQ:IBKRGet Free Report) last issued its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is 14.48%.

Key Stories Impacting Interactive Brokers Group

Here are the key news stories impacting Interactive Brokers Group this week:

Wall Street Analyst Weigh In

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

Read Our Latest Report on IBKR

About Interactive Brokers Group

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding IBKR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report).

Institutional Ownership by Quarter for Interactive Brokers Group (NASDAQ:IBKR)

Receive News & Ratings for Interactive Brokers Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Interactive Brokers Group and related companies with MarketBeat.com's FREE daily email newsletter.