Interactive Brokers Group, Inc. $IBKR Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 184.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,886 shares of the financial services provider’s stock after buying an additional 9,656 shares during the quarter. Metis Global Partners LLC’s holdings in Interactive Brokers Group were worth $1,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in 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 worth $2,316,715,000 after purchasing an additional 31,458,885 shares during the period. State Street Corp increased its stake 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 worth $838,410,000 after buying an additional 11,360,260 shares during the period. Cantillon Capital Management LLC lifted its holdings in Interactive Brokers Group by 288.7% during 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 buying an additional 9,509,805 shares in the last quarter. Greenwich Wealth Management LLC boosted its position in 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 valued at $602,004,000 after buying an additional 8,159,175 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of 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 worth $562,328,000 after acquiring an additional 7,051,682 shares in the last quarter. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Interactive Brokers Group Price Performance

Shares of NASDAQ IBKR opened at $74.75 on Tuesday. The business has a 50-day moving average of $70.49 and a two-hundred day moving average of $67.47. The company has a market capitalization of $126.79 billion, a price-to-earnings 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 1 year low of $32.82 and a 1 year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.50 by $0.15. The business had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.51 EPS. As a group, equities research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s dividend payout ratio (DPR) is presently 14.48%.

Insider Buying and Selling at Interactive Brokers Group

In related news, Vice Chairman Earl H. Nemser sold 60,200 shares of the stock in a transaction on Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total value of $4,533,060.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last ninety days, insiders have sold 400,000 shares of company stock worth $30,725,122. 2.97% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. CICC Research started coverage on Interactive Brokers Group in a research note on Monday, October 27th. They issued an “outperform” rating and a $78.00 price objective on the stock. BMO Capital Markets upped 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. Barclays set a $83.00 price objective on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Zacks Research raised Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target 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.