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

Mn Services Vermogensbeheer B.V. boosted its holdings in Interactive Brokers Group, Inc. (NASDAQ:IBKRFree Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. AQR Capital Management LLC grew its stake in shares of Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after buying an additional 2,713 shares during the last quarter. Franklin Resources Inc. raised its stake in Interactive Brokers Group by 297.6% during the second quarter. Franklin Resources Inc. now owns 46,710 shares of the financial services provider’s stock valued at $2,588,000 after buying an additional 34,962 shares during the last quarter. Choreo LLC bought a new stake in Interactive Brokers Group in the second quarter worth $279,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Interactive Brokers Group by 286.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,734 shares of the financial services provider’s stock worth $429,000 after acquiring an additional 5,734 shares during the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of Interactive Brokers Group by 191.1% in the second quarter. Hsbc Holdings PLC now owns 194,555 shares of the financial services provider’s stock worth $10,709,000 after acquiring an additional 127,732 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

More Interactive Brokers Group News

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

Wall Street Analysts Forecast Growth

IBKR has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Finally, Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Seven analysts have rated the stock with a Buy rating and two have assigned 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 price target of $76.39.

Get Our Latest Research Report on IBKR

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $67.74 on Friday. Interactive Brokers Group, Inc. has a 1 year low of $32.82 and a 1 year high of $79.18. The company has a market cap of $114.91 billion, a P/E ratio of 30.58, a PEG ratio of 1.90 and a beta of 1.25. The stock’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 released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The company had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the company earned $0.51 EPS. Interactive Brokers Group’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, sell-side analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

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

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider owned 155,000 shares in the company, valued at $12,066,750. This represents a 48.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 400,000 shares of company stock worth $30,725,122 over the last three months. 2.80% of the stock is owned by insiders.

Interactive Brokers Group Profile

(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

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

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