Oppenheimer & Co. Inc. Boosts Position in Interactive Brokers Group, Inc. $IBKR

Oppenheimer & Co. Inc. lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 282.7% in the third quarter, HoldingsChannel reports. The firm owned 22,574 shares of the financial services provider’s stock after buying an additional 16,676 shares during the period. Oppenheimer & Co. Inc.’s holdings in Interactive Brokers Group were worth $1,553,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Interactive Brokers Group by 303.9% in the 2nd quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after purchasing an additional 31,458,885 shares during the last quarter. State Street Corp lifted its holdings in Interactive Brokers Group by 301.3% in the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after acquiring an additional 11,360,260 shares during the last quarter. Cantillon Capital Management LLC grew its position in Interactive Brokers Group by 288.7% in the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after acquiring an additional 9,509,805 shares during the period. Greenwich Wealth Management LLC increased its stake in Interactive Brokers Group by 301.6% during the second quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after acquiring an additional 8,159,175 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Interactive Brokers Group by 227.7% in the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after purchasing an additional 7,051,682 shares during the period. 23.80% of the stock is owned by hedge funds and other institutional investors.

Interactive Brokers Group Stock Up 2.3%

Interactive Brokers Group stock opened at $74.75 on Friday. The firm has a market cap of $126.79 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 2.09 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 company’s 50 day moving average is $70.31 and its two-hundred day moving average is $67.40.

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

Interactive Brokers Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders 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 yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is 14.48%.

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the business’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, January 21st. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Barclays set a $83.00 price objective on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a report on Wednesday, January 21st. CICC Research assumed coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $76.39.

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.