New Millennium Group LLC Boosts Stock Holdings in Interactive Brokers Group, Inc. $IBKR

New Millennium Group LLC boosted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3,128.5% during the 3rd quarter, Holdings Channel reports. The firm owned 88,462 shares of the financial services provider’s stock after buying an additional 85,722 shares during the quarter. Interactive Brokers Group makes up about 2.8% of New Millennium Group LLC’s holdings, making the stock its 12th biggest position. New Millennium Group LLC’s holdings in Interactive Brokers Group were worth $6,087,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Pension Service lifted its position in Interactive Brokers Group by 2.2% during the third quarter. National Pension Service now owns 707,634 shares of the financial services provider’s stock valued at $48,692,000 after purchasing an additional 15,339 shares during the last quarter. Jones Financial Companies Lllp grew its position in Interactive Brokers Group by 36.8% in the third quarter. Jones Financial Companies Lllp now owns 26,875 shares of the financial services provider’s stock worth $1,777,000 after acquiring an additional 7,234 shares in the last quarter. State of Michigan Retirement System raised its position in Interactive Brokers Group by 15.0% during the third quarter. State of Michigan Retirement System now owns 120,400 shares of the financial services provider’s stock valued at $8,285,000 after purchasing an additional 15,684 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Interactive Brokers Group by 1,221.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,728 shares of the financial services provider’s stock valued at $5,073,000 after purchasing an additional 68,148 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in shares of Interactive Brokers Group in the 3rd quarter worth approximately $2,468,000. Institutional investors own 23.80% of the company’s stock.

Analysts Set New Price Targets

IBKR has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. CICC Research assumed 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 for the company. BMO Capital Markets upped their price target on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 26th. Finally, Barclays set a $83.00 target price on Interactive Brokers Group and gave the company an “overweight” rating in a research note on Wednesday, January 21st. One equities research 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $76.39.

Insider Activity

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total value of $11,288,250.00. Following the completion of the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at $12,066,750. This trade represents a 48.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 400,000 shares of company stock worth $30,725,122 in the last 90 days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Trading Down 1.2%

Shares of IBKR stock opened at $73.99 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18. The business’s fifty day simple moving average is $70.96 and its 200-day simple moving average is $67.63. The company has a market cap of $125.50 billion, a PE ratio of 33.40, a PEG ratio of 2.10 and a beta of 1.24.

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

Interactive Brokers Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $0.08 per share. The ex-dividend date is Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.4%. Interactive Brokers Group’s payout ratio is presently 14.48%.

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.