ING Groep NV Buys Shares of 10,353 Interactive Brokers Group, Inc. $IBKR

ING Groep NV purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,353 shares of the financial services provider’s stock, valued at approximately $712,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. raised its stake in Interactive Brokers Group by 5.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 25,956 shares of the financial services provider’s stock valued at $1,786,000 after acquiring an additional 1,371 shares during the period. Stratos Wealth Partners LTD. purchased a new position in shares of Interactive Brokers Group in the third quarter worth about $204,000. Baader Bank Aktiengesellschaft increased its stake in shares of Interactive Brokers Group by 1.4% in the third quarter. Baader Bank Aktiengesellschaft now owns 18,647 shares of the financial services provider’s stock worth $1,266,000 after purchasing an additional 257 shares in the last quarter. Costello Asset Management INC raised its position in shares of Interactive Brokers Group by 27.2% in the third quarter. Costello Asset Management INC now owns 6,555 shares of the financial services provider’s stock valued at $451,000 after purchasing an additional 1,403 shares during the period. Finally, Compagnie Lombard Odier SCmA lifted its stake in shares of Interactive Brokers Group by 745.3% during the 3rd quarter. Compagnie Lombard Odier SCmA now owns 441,333 shares of the financial services provider’s stock valued at $30,368,000 after buying an additional 389,122 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $74.75 on Friday. The firm has a fifty day moving average price of $70.31 and a two-hundred day moving average price of $67.40. The company has a market cap of $126.79 billion, a price-to-earnings ratio of 33.75, a PEG ratio of 2.09 and a beta of 1.24. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the company’s stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 400,000 shares of company stock worth $30,725,122. Company insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several analyst reports. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Barclays set a $83.00 price target on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. CICC Research assumed coverage on Interactive Brokers Group in a research report on Monday, October 27th. They issued an “outperform” rating and a $78.00 price target for the company. Finally, BMO Capital Markets increased their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $76.39.

Interactive Brokers Group Company 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.