J. Safra Sarasin Holding AG Acquires New Shares in Interactive Brokers Group, Inc. $IBKR

J. Safra Sarasin Holding AG acquired a new position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 31,978 shares of the financial services provider’s stock, valued at approximately $2,057,000.

Other hedge funds have also bought and sold shares of the company. Ballentine Partners LLC boosted its holdings in shares of Interactive Brokers Group by 1.0% during the 3rd quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock valued at $1,059,000 after acquiring an additional 145 shares during the last quarter. Caitlin John LLC grew its stake in shares of Interactive Brokers Group by 0.6% in the third quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock worth $1,734,000 after acquiring an additional 153 shares during the period. Thrive Wealth Management LLC raised its holdings in shares of Interactive Brokers Group by 1.8% during the fourth quarter. Thrive Wealth Management LLC now owns 9,112 shares of the financial services provider’s stock valued at $586,000 after purchasing an additional 162 shares during the last quarter. Petra Financial Advisors Inc. raised its holdings in shares of Interactive Brokers Group by 1.7% during the third quarter. Petra Financial Advisors Inc. now owns 10,221 shares of the financial services provider’s stock valued at $703,000 after purchasing an additional 167 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its position in Interactive Brokers Group by 18.0% during the third quarter. SBI Securities Co. Ltd. now owns 1,180 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Trading Up 5.3%

Shares of NASDAQ IBKR opened at $67.07 on Wednesday. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $79.18. The firm has a market capitalization of $113.77 billion, a price-to-earnings ratio of 30.28, a price-to-earnings-growth ratio of 1.78 and a beta of 1.23. The firm has a 50 day moving average of $71.47 and a 200 day moving average of $68.74.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate 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 net margin of 9.44% and a return on equity of 5.12%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.51 earnings per share. Sell-side analysts predict that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, February 27th. Interactive Brokers Group’s dividend payout ratio (DPR) is currently 14.48%.

Insider Buying and Selling

In related news, Vice Chairman Earl H. Nemser sold 145,000 shares of Interactive Brokers Group stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the transaction, the insider directly owned 155,000 shares in the company, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 400,000 shares of company stock valued at $30,725,122. 2.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

IBKR has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on shares of Interactive Brokers Group from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 21st. Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a report on Wednesday, January 21st. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group 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.