Resona Asset Management Co. Ltd. Has $9.11 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Resona Asset Management Co. Ltd. lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,174 shares of the financial services provider’s stock after purchasing an additional 6,661 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Interactive Brokers Group were worth $9,112,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in IBKR. Covenant Asset Management LLC bought a new stake in Interactive Brokers Group in the fourth quarter valued at $3,028,000. Crocodile Capital Partners GmbH bought a new position in shares of Interactive Brokers Group during the 4th quarter worth about $12,041,000. Leonteq Securities AG bought a new stake in Interactive Brokers Group in the 4th quarter valued at about $1,746,000. OFI Invest Asset Management acquired a new position in Interactive Brokers Group during the 4th quarter worth approximately $22,356,000. Finally, Successful Portfolios LLC bought a new position in Interactive Brokers Group in the fourth quarter worth approximately $1,431,000. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 1.2%

NASDAQ:IBKR traded down $1.19 during trading hours on Friday, hitting $94.09. 2,399,513 shares of the company traded hands, compared to its average volume of 4,361,864. The firm’s 50-day simple moving average is $88.42 and its 200-day simple moving average is $77.50. Interactive Brokers Group, Inc. has a one year low of $58.18 and a one year high of $97.84. The company has a market cap of $159.61 billion, a PE ratio of 40.56, a PEG ratio of 2.60 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (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%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.94 EPS. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Monday, June 1st were given a $0.0875 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. Interactive Brokers Group’s payout ratio is currently 15.09%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on IBKR. Barclays upped their target price on Interactive Brokers Group from $93.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets upped their price objective 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. Weiss Ratings cut shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, June 29th. Piper Sandler upped their target price on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, Jefferies Financial Group dropped their price target on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have assigned 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 target price of $90.25.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value 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. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

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.