Voya Investment Management LLC Boosts Holdings in Interactive Brokers Group, Inc. $IBKR

Voya Investment Management LLC boosted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 162.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,943 shares of the financial services provider’s stock after buying an additional 122,417 shares during the quarter. Voya Investment Management LLC’s holdings in Interactive Brokers Group were worth $13,620,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. USS Investment Management Ltd lifted its stake in shares of Interactive Brokers Group by 0.4% in the first quarter. USS Investment Management Ltd now owns 20,161 shares of the financial services provider’s stock worth $3,339,000 after acquiring an additional 76 shares in the last quarter. Summit Financial LLC raised its position in shares of Interactive Brokers Group by 9.0% in the 1st quarter. Summit Financial LLC now owns 1,585 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 131 shares in the last quarter. Huntington National Bank boosted its stake in shares of Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after buying an additional 176 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its position in shares of Interactive Brokers Group by 10.8% during the first quarter. Ashton Thomas Private Wealth LLC now owns 2,148 shares of the financial services provider’s stock worth $356,000 after buying an additional 209 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Interactive Brokers Group by 486.3% in the first quarter. Quarry LP now owns 299 shares of the financial services provider’s stock worth $50,000 after buying an additional 248 shares during the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 22,000 shares of the firm’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total transaction of $1,487,860.00. Following the transaction, the director owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. This trade represents a 8.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction dated Friday, September 26th. The stock was sold at an average price of $65.78, for a total transaction of $1,122,075.24. Following the sale, the chief financial officer owned 28,289 shares in the company, valued at $1,860,850.42. This trade represents a 37.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 100,745 shares of company stock valued at $6,748,643. Company insiders own 2.97% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the subject of several research analyst reports. Barclays reissued an “overweight” rating and issued a $81.00 target price (up previously from $80.00) on shares of Interactive Brokers Group in a research report on Friday, December 12th. CICC Research started coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. BMO Capital Markets raised their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.19.

Interactive Brokers Group Price Performance

Shares of IBKR opened at $65.79 on Tuesday. The company has a market cap of $111.59 billion, a P/E ratio of 31.59, a PEG ratio of 1.96 and a beta of 1.26. Interactive Brokers Group, Inc. has a 12 month low of $32.82 and a 12 month high of $73.35. The stock has a fifty day moving average price of $66.45 and a 200 day moving average price of $63.30.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Interactive Brokers Group 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.