Resona Asset Management Co. Ltd. Has $8.42 Million Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Resona Asset Management Co. Ltd. lessened its holdings in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 5.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 130,513 shares of the financial services provider’s stock after selling 7,513 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Interactive Brokers Group were worth $8,418,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC lifted its position in shares of Interactive Brokers Group by 1.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 11,483 shares of the financial services provider’s stock worth $738,000 after purchasing an additional 143 shares during the last quarter. Ballentine Partners LLC lifted its position in shares of Interactive Brokers Group by 1.0% during the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after purchasing an additional 145 shares during the last quarter. Caitlin John LLC lifted its position in shares of Interactive Brokers Group by 0.6% during the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after purchasing an additional 153 shares during the last quarter. S&CO Inc. lifted its position in shares of Interactive Brokers Group by 0.3% during the 4th quarter. S&CO Inc. now owns 63,080 shares of the financial services provider’s stock worth $4,056,000 after purchasing an additional 160 shares during the last quarter. Finally, Thrive Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 1.8% during the 4th quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock worth $586,000 after purchasing an additional 162 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the sale, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.80% of the company’s stock.

Interactive Brokers Group Trading Up 0.0%

Shares of IBKR stock opened at $83.83 on Friday. The stock has a 50 day moving average of $75.22 and a two-hundred day moving average of $71.48. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $88.44. The company has a market capitalization of $142.21 billion, a P/E ratio of 36.13, a P/E/G ratio of 2.32 and a beta of 1.32.

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

Interactive Brokers Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be given a $0.0875 dividend. The ex-dividend date is Monday, June 1st. This represents a $0.35 dividend on an annualized basis and a dividend 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%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Jefferies Financial Group cut their price objective on 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. The Goldman Sachs Group set a $98.00 price objective on Interactive Brokers Group in a research report on Friday, May 1st. Barclays boosted their price objective on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Finally, BMO Capital Markets upped their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $83.25.

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.