Interactive Brokers Group, Inc. $IBKR Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 113.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,102,477 shares of the financial services provider’s stock after purchasing an additional 585,951 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Interactive Brokers Group were worth $75,861,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. ORG Partners LLC boosted its position in shares of Interactive Brokers Group by 312.9% in the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 363 shares in the last quarter. Huntington National Bank increased its position in Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after buying an additional 176 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in Interactive Brokers Group by 300.0% in the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock valued at $31,000 after buying an additional 423 shares during the last quarter. Private Wealth Asset Management LLC boosted its holdings in Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 435 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA acquired a new stake in Interactive Brokers Group in the second quarter worth about $32,000. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 1.8%

IBKR opened at $72.88 on Wednesday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35. The firm has a 50 day moving average of $66.22 and a two-hundred day moving average of $64.47. The firm has a market capitalization of $123.61 billion, a PE ratio of 35.00, a P/E/G ratio of 2.02 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.49 by $0.08. The business had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.61 EPS. As a group, analysts predict 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 was paid on Friday, December 12th. Shareholders of record on Monday, December 1st were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is presently 15.38%.

Insider Activity

In other news, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total value of $734,505.00. Following the sale, the director owned 198,704 shares in the company, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jill Bright bought 400 shares of the company’s stock in a transaction that occurred on Thursday, October 23rd. The shares were bought at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the acquisition, the director owned 10,304 shares of the company’s stock, valued at $679,548.80. This trade represents a 4.04% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have sold a total of 55,000 shares of company stock worth $3,767,363 over the last ninety days. 2.97% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on IBKR shares. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. CICC Research initiated coverage on shares of Interactive Brokers Group in a research note on Monday, October 27th. They set an “outperform” rating and a $78.00 price target on the stock. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a report on Friday, October 17th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.19.

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.