Sumitomo Mitsui Trust Group Inc. Purchases 31,261 Shares of Interactive Brokers Group, Inc. $IBKR

Sumitomo Mitsui Trust Group Inc. grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 870,209 shares of the financial services provider’s stock after acquiring an additional 31,261 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.05% of Interactive Brokers Group worth $59,879,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Huntington National Bank raised its position in Interactive Brokers Group by 51.8% in the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 176 shares during the last quarter. World Investment Advisors increased its stake in shares of Interactive Brokers Group by 3.0% in the third quarter. World Investment Advisors now owns 6,852 shares of the financial services provider’s stock valued at $471,000 after buying an additional 202 shares in the last quarter. PUREfi Wealth LLC raised its holdings in shares of Interactive Brokers Group by 4.7% in the third quarter. PUREfi Wealth LLC now owns 4,554 shares of the financial services provider’s stock valued at $313,000 after buying an additional 206 shares during the last quarter. CWM LLC lifted its position in Interactive Brokers Group by 5.3% during the 3rd quarter. CWM LLC now owns 4,567 shares of the financial services provider’s stock worth $314,000 after buying an additional 229 shares in the last quarter. Finally, Thrive Wealth Management LLC grew its holdings in Interactive Brokers Group by 3.0% during the 3rd quarter. Thrive Wealth Management LLC now owns 8,950 shares of the financial services provider’s stock worth $616,000 after acquiring an additional 259 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on IBKR. Barclays set a $82.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Piper Sandler set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Tuesday, October 14th. The Goldman Sachs Group reissued a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Finally, CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group presently has an average rating of “Moderate Buy” and an average target price of $75.25.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Jill Bright acquired 400 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were acquired at an average price of $65.95 per share, with a total value of $26,380.00. Following the purchase, the director owned 10,304 shares of the company’s stock, valued at $679,548.80. This represents a 4.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence E. Harris sold 10,645 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the transaction, the director directly owned 198,704 shares of the company’s stock, valued at approximately $13,710,576. The trade was a 5.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 55,000 shares of company stock valued at $3,767,363. 2.97% of the stock is owned by corporate insiders.

Interactive Brokers Group Stock Up 1.1%

Shares of Interactive Brokers Group stock opened at $71.35 on Thursday. The business has a fifty day simple moving average of $66.25 and a 200 day simple moving average of $65.15. The stock has a market cap of $121.02 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company’s revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. Analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

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.