DUTCH ASSET Corp Acquires 11,852 Shares of Interactive Brokers Group, Inc. $IBKR

DUTCH ASSET Corp lifted its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 22.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,098 shares of the financial services provider’s stock after acquiring an additional 11,852 shares during the quarter. Interactive Brokers Group comprises approximately 2.9% of DUTCH ASSET Corp’s holdings, making the stock its 10th biggest holding. DUTCH ASSET Corp’s holdings in Interactive Brokers Group were worth $4,366,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IBKR. Norges Bank purchased a new position in Interactive Brokers Group in the fourth quarter valued at about $453,146,000. Orbis Allan Gray Ltd lifted its stake in shares of Interactive Brokers Group by 178.8% during 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 purchasing an additional 6,246,715 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock worth $420,834,000 after buying an additional 5,260,923 shares during the period. State Street Corp boosted its position in shares of Interactive Brokers Group by 23.2% in the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock worth $1,283,221,000 after buying an additional 3,517,729 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Interactive Brokers Group by 44.1% in the fourth quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after buying an additional 2,534,772 shares in the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This trade represents a 13.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $91.68 on Tuesday. Interactive Brokers Group, Inc. has a 1-year low of $58.95 and a 1-year high of $97.84. The company has a market capitalization of $155.52 billion, a PE ratio of 39.52, a P/E/G ratio of 2.07 and a beta of 1.33. The business has a 50-day moving average of $89.57 and a 200-day moving average of $78.76.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The company’s revenue was up 17.0% compared to the same quarter last year. On average, equities analysts expect that Interactive Brokers Group, Inc. will post 2.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IBKR has been the topic of several analyst reports. The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. China Renaissance assumed coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a “hold” rating for the company. Piper Sandler set a $105.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Finally, Jefferies Financial Group reduced their target price 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. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.89.

About Interactive Brokers Group

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.