115,119 Shares of Interactive Brokers Group, Inc. $IBKR Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 115,119 shares of the financial services provider’s stock, valued at approximately $9,833,000.

A number of other institutional investors also recently bought and sold shares of the business. Bessemer Group Inc. grew its holdings in shares of Interactive Brokers Group by 156.0% during the first quarter. Bessemer Group Inc. now owns 3,922,736 shares of the financial services provider’s stock worth $263,097,000 after buying an additional 2,390,247 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Interactive Brokers Group during the 2nd quarter worth $210,639,000. Amundi increased its holdings in Interactive Brokers Group by 62.4% in the first quarter. Amundi now owns 2,433,236 shares of the financial services provider’s stock valued at $163,197,000 after buying an additional 934,843 shares in the last quarter. Progeny 3 Inc. increased its stake in Interactive Brokers Group by 3.1% in the 1st quarter. Progeny 3 Inc. now owns 2,195,640 shares of the financial services provider’s stock valued at $147,262,000 after purchasing an additional 65,880 shares in the last quarter. Finally, KBC Group NV increased its position in shares of Interactive Brokers Group by 0.4% in the first quarter. KBC Group NV now owns 2,115,438 shares of the financial services provider’s stock valued at $141,883,000 after buying an additional 8,844 shares in the last quarter. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Interactive Brokers Group in a research note on Wednesday, September 2nd. Seaport Research Partners raised shares of Interactive Brokers Group to a “buy” rating in a research note on Monday, October 12th. Jefferies Financial Group upped their price objective on Interactive Brokers Group from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Weiss Ratings lowered shares of Interactive Brokers Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, October 30th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $100.00 price objective (down from $105.00) on shares of Interactive Brokers Group in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $102.87.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence Harris sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of $82.61, for a total value of $2,065,250.00. Following the transaction, the director owned 148,482 shares of the company’s stock, valued at $12,266,098.02. This trade represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by corporate insiders.

Interactive Brokers Group Price Performance

IBKR opened at $77.88 on Thursday. The stock has a market capitalization of $132.51 billion, a PE ratio of 29.95, a P/E/G ratio of 1.27 and a beta of 1.37. The firm’s fifty day moving average price is $87.30 and its 200 day moving average price is $82.95. Interactive Brokers Group, Inc. has a 12-month low of $58.95 and a 12-month high of $98.75.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 15th. The financial services provider reported $0.67 EPS for the quarter, hitting the consensus estimate of $0.67. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts forecast that Interactive Brokers Group, Inc. will post 2.69 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Stockholders of record on Tuesday, December 1st will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, December 1st. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.0875. Interactive Brokers Group’s payout ratio is 13.46%.

About Interactive Brokers Group

Interactive Brokers Group, Inc is a global electronic brokerage company that provides trading, investment and portfolio management services to individual investors, institutional clients, financial advisers, hedge funds, proprietary trading firms and introducing brokers. Through its subsidiaries, the company offers access to a broad range of markets and financial instruments, including stocks, options, futures, foreign exchange, bonds, mutual funds, exchange-traded funds and certain digital assets.

Interactive Brokers provides its services through platforms such as Trader Workstation, IBKR Mobile and the Client Portal, as well as application programming interfaces for automated and institutional trading.