University of Texas Texas AM Investment Management Co. Acquires 8,724 Shares of Interactive Brokers Group, Inc. $IBKR

University of Texas Texas AM Investment Management Co. lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 1,996.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,161 shares of the financial services provider’s stock after acquiring an additional 8,724 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Interactive Brokers Group were worth $589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in Interactive Brokers Group by 26.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock worth $3,637,234,000 after purchasing an additional 11,048,679 shares during the last quarter. State Street Corp boosted its holdings in shares of Interactive Brokers Group by 1.0% in the 4th quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after acquiring an additional 187,763 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in shares of Interactive Brokers Group by 0.8% during the fourth quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after purchasing an additional 95,878 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Interactive Brokers Group by 17.6% in the third quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after purchasing an additional 1,630,620 shares during the last quarter. Finally, Orbis Allan Gray Ltd boosted its stake in shares of Interactive Brokers Group by 178.8% in 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 buying an additional 6,246,715 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a report on Friday, May 1st. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Piper Sandler lifted their price target on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Wolfe Research started coverage on shares of Interactive Brokers Group in a report on Monday, June 8th. They issued an “outperform” rating and a $101.00 price target for the company. Finally, Jefferies Financial Group reduced their price objective on shares of Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. One equities research analyst has 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 MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.22.

Interactive Brokers Group Stock Performance

Shares of IBKR stock opened at $92.76 on Tuesday. Interactive Brokers Group, Inc. has a one year low of $49.30 and a one year high of $94.73. The firm’s 50 day moving average price is $81.72 and its 200-day moving average price is $73.74. The firm has a market cap of $157.35 billion, a P/E ratio of 39.98, a P/E/G ratio of 2.51 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $1.68 billion for the quarter, compared to the consensus estimate of $1.69 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.94 EPS. As a group, research analysts predict that Interactive Brokers Group, Inc. will post 2.46 EPS for the current fiscal year.

Interactive Brokers Group Increases Dividend

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

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction on 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 sale, the director directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.80% of the stock is currently owned by company insiders.

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.