24,602 Shares in Interactive Brokers Group, Inc. $IBKR Purchased by Highland Capital Management LLC

Highland Capital Management LLC purchased a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 24,602 shares of the financial services provider’s stock, valued at approximately $1,693,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Interactive Brokers Group by 303.9% during the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after acquiring an additional 31,458,885 shares in the last quarter. State Street Corp increased 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 valued at $838,410,000 after purchasing an additional 11,360,260 shares during the period. Cantillon Capital Management LLC raised its holdings in Interactive Brokers Group by 288.7% in the 2nd quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after purchasing an additional 9,509,805 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in shares of Interactive Brokers Group by 301.6% in 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 purchasing an additional 8,159,175 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Interactive Brokers Group by 227.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock worth $562,328,000 after purchasing an additional 7,051,682 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on IBKR shares. The Goldman Sachs Group reiterated a “buy” rating and set a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. Barclays reaffirmed an “overweight” rating and set a $81.00 price objective (up from $80.00) on shares of Interactive Brokers Group in a research report on Friday, December 12th. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday. Finally, BMO Capital Markets upped their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.19.

Insider Activity

In other news, Director Jill Bright purchased 400 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were bought at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the purchase, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. This trade represents a 4.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the director owned 231,704 shares of the company’s stock, valued at approximately $15,670,141.52. This represents a 8.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 55,000 shares of company stock valued at $3,767,363. 2.97% of the stock is owned by insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $66.16 on Friday. The company has a 50 day simple moving average of $66.25 and a two-hundred day simple moving average of $63.53. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $73.35. The company has a market capitalization of $112.22 billion, a price-to-earnings ratio of 31.77, a P/E/G ratio of 2.01 and a beta of 1.26.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm posted $1.61 EPS. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. On average, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Monday, December 1st were issued a dividend of $0.08 per share. The ex-dividend date 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 (DPR) is presently 15.38%.

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.