VMS Asset Management Limited Buys Shares of 88,690 Interactive Brokers Group, Inc. $IBKR

VMS Asset Management Limited bought a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 88,690 shares of the financial services provider’s stock, valued at approximately $5,704,000. Interactive Brokers Group accounts for 2.2% of VMS Asset Management Limited’s holdings, making the stock its 22nd biggest holding.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of Interactive Brokers Group by 36.8% during 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 during the period. State of Michigan Retirement System increased its position in shares of 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 worth $8,285,000 after acquiring an additional 15,684 shares during the period. Hartford Investment Management Co. purchased a new stake in shares of Interactive Brokers Group during the third quarter worth $1,798,000. Citigroup Inc. increased its position in shares of Interactive Brokers Group by 61.8% during the third quarter. Citigroup Inc. now owns 2,432,598 shares of the financial services provider’s stock worth $167,387,000 after acquiring an additional 928,978 shares during the period. Finally, Crocodile Capital Partners GmbH purchased a new stake in shares of Interactive Brokers Group during the fourth quarter worth $12,041,000. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

NASDAQ:IBKR opened at $87.02 on Friday. The firm has a market capitalization of $147.62 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 2.41 and a beta of 1.32. The business’s fifty day moving average price is $78.71 and its 200 day moving average price is $72.50. Interactive Brokers Group, Inc. has a 12 month low of $49.15 and a 12 month high of $91.02.

Interactive Brokers Group (NASDAQ:IBKR) last posted its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter in the prior year, the company posted $1.94 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Monday, June 1st will be paid a $0.0875 dividend. This is a boost from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a yield of 0.4%. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s payout ratio is currently 15.09%.

Insider Transactions at Interactive Brokers Group

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the completion of the transaction, the director owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IBKR. Keefe, Bruyette & Woods assumed coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 price objective on the stock. BMO Capital Markets increased their target price on Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 24th. Barclays increased their target price on Interactive Brokers Group from $85.00 to $93.00 and gave the company an “overweight” rating in a report on Wednesday, April 22nd. Finally, The Goldman Sachs Group set a $98.00 target price on Interactive Brokers Group in a report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $83.25.

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.