The Swiss National Bank increases its equity position in Interactive Brokers Group, Inc. (NASDAQ:IBKR)
The Swiss National Bank increased its holdings in Interactive Brokers Group, Inc. (NASDAQ: IBKR – Get Rating) by 7.5% during the 1st quarter, according to its latest Form 13F filed with the Securities and Exchange Commission. The company held 208,900 shares of the financial services provider after acquiring an additional 14,500 shares during the period. The Swiss National Bank’s holdings in Interactive Brokers Group were worth $13,769,000 when it last filed with the SEC.
Several other institutional investors have also increased or reduced their stake in the company. Marshall Wace LLP increased its position in Interactive Brokers Group by 151.4% in the fourth quarter. Marshall Wace LLP now owns 4,359,441 shares of the financial services provider worth $346,228,000 after acquiring an additional 2,625,600 shares during the period. State Street Corp raised its position in Interactive Brokers Group by 4.0% in the fourth quarter. State Street Corp now owns 2,230,431 shares of the financial services provider worth $177,141,000 after acquiring an additional 85,055 shares during the period. Cantillon Capital Management LLC increased its position in Interactive Brokers Group by 2.9% in the first quarter. Cantillon Capital Management LLC now owns 2,224,503 shares of the financial services provider worth $146,617,000 after acquiring an additional 62,011 shares during the period. Jarislowsky Fraser Ltd increased its position in Interactive Brokers Group by 1.1% in the fourth quarter. Jarislowsky Fraser Ltd now owns 2,217,166 shares of the financial services provider worth $176,087,000 after acquiring an additional 24,423 shares during the period. Finally, Samlyn Capital LLC increased its position in Interactive Brokers Group by 745.8% in the fourth quarter. Samlyn Capital LLC now owns 1,768,263 shares of the financial services provider worth $140,436,000 after acquiring an additional 1,559,196 shares during the period. 20.49% of the shares are currently held by institutional investors.
Wall Street analysts predict growth
Several research analysts have weighed in on IBKR shares. Bank of America raised its price target on shares of Interactive Brokers Group from $111.00 to $117.00 and gave the stock a “buy” rating in a Wednesday, April 20 research report. Compass Point cut its price target on shares of Interactive Brokers Group to $85.00 in a Friday, June 3 research report. StockNews.com upgraded shares of Interactive Brokers Group from a “sell” rating to a “hold” rating in a Tuesday, July 19 research report. Finally, Goldman Sachs Group upgraded shares of Interactive Brokers Group from a “neutral” rating to a “buy” rating and set a price target of $90.00 on the stock in a research report from the Tuesday April 26.
Interactive Brokers Group shares up 0.4%
NASDAQ:IBKR shares opened at $65.81 on Wednesday. Interactive Brokers Group, Inc. has a 52-week low of $52.18 and a 52-week high of $82.83. The company has a fifty-day simple moving average of $57.64 and a two-hundred-day simple moving average of $61.57. The stock has a market capitalization of $27.52 billion, a P/E ratio of 25.71, a PEG ratio of 0.78 and a beta of 0.79.
Interactive Brokers Group (NASDAQ: IBKR – Get Rating) last released its quarterly results on Tuesday, July 19. The financial services provider reported EPS of $0.84 for the quarter, missing analyst consensus estimates of $0.91 per ($0.07). Interactive Brokers Group achieved a return on equity of 3.13% and a net margin of 9.64%. The company posted revenue of $656.00 million for the quarter, compared to $745.46 million expected by analysts. In the same period a year earlier, the company posted earnings per share of $0.82. Interactive Brokers Group revenue for the quarter decreased 13.0% year-on-year. On average, analysts expect Interactive Brokers Group, Inc. to post earnings per share of 3.75 for the current year.
Interactive Brokers Group announces dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 14. Investors of record on Thursday, September 1 will receive a dividend of $0.10 per share. The ex-date of this dividend is Wednesday, August 31. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 0.61%. Interactive Brokers Group’s dividend payout ratio is currently 15.63%.
Insider buying and selling
In a similar vein, Chairman Thomas Peterffy sold 20,000 shares of Interactive Brokers Group in a trade dated Friday, July 29. The shares were sold at an average price of $58.70, for a total transaction of $1,174,000.00. Following completion of the transaction, the President now directly owns 1,587,511 shares of the company, valued at approximately $93,186,895.70. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website. In the past ninety days, insiders have sold 500,000 shares of the company valued at $28,319,800. Insiders of the company own 5.72% of the shares of the company.
Interactive Brokers Group Company Profile
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Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company specializes in the execution, clearing and settlement of transactions in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange-traded funds (ETFs), metals and cryptocurrencies. It also provides custody and account services for hedge funds and mutual funds, ETFs, registered investment advisers, proprietary trading groups, introducing brokers and individual investors.
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