Premier Fund Managers Ltd Acquires 10,200 Shares of Interactive Brokers Group, Inc. $IBKR

Premier Fund Managers Ltd increased its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,200 shares of the financial services provider’s stock after buying an additional 10,200 shares during the period. Premier Fund Managers Ltd’s holdings in Interactive Brokers Group were worth $17,629,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of IBKR. Vanguard Group Inc. lifted its holdings in shares of Interactive Brokers Group by 26.4% during the third 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 period. State Street Corp raised its position in Interactive Brokers Group by 301.3% during the 2nd quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock worth $838,410,000 after purchasing an additional 11,360,260 shares during the last quarter. Greenwich Wealth Management LLC lifted its holdings in Interactive Brokers Group by 301.6% during the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after buying an additional 8,159,175 shares during the period. JPMorgan Chase & Co. lifted its holdings in Interactive Brokers Group by 227.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after buying an additional 7,051,682 shares during the period. Finally, Orbis Allan Gray Ltd grew its position in shares of Interactive Brokers Group by 178.8% in the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after buying an additional 6,246,715 shares during the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on IBKR shares. Zacks Research upgraded Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. BMO Capital Markets boosted their price target on shares of 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 stock an “overweight” rating in a research report on Wednesday, January 21st. Finally, CICC Research began coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $76.39.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $74.39 on Friday. The stock has a market capitalization of $126.18 billion, a price-to-earnings ratio of 33.58, a PEG ratio of 2.08 and a beta of 1.24. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18. The stock’s 50 day moving average price is $71.17 and its two-hundred day moving average price is $67.73.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a net margin of 9.44% and a return on equity of 5.12%. Interactive Brokers Group’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.08 per share. The ex-dividend date 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 is currently 14.48%.

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the firm’s stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the sale, the insider directly owned 155,000 shares in the company, valued at $12,066,750. This trade represents a 48.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last quarter, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is owned by corporate 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.