DUTCH ASSET Corp Acquires Shares of 53,246 Interactive Brokers Group, Inc. $IBKR

DUTCH ASSET Corp bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 53,246 shares of the financial services provider’s stock, valued at approximately $3,424,000. Interactive Brokers Group comprises about 2.6% of DUTCH ASSET Corp’s holdings, making the stock its 11th largest holding.

Several other large investors have also made changes to their positions in the company. State Street Corp boosted its holdings in Interactive Brokers Group by 1.0% in the fourth quarter. State Street Corp now owns 18,836,521 shares of the financial services provider’s stock valued at $1,211,377,000 after acquiring an additional 187,763 shares during the last quarter. Cantillon Capital Management LLC raised its holdings in Interactive Brokers Group by 0.8% during the 4th quarter. Cantillon Capital Management LLC now owns 12,759,904 shares of the financial services provider’s stock worth $820,589,000 after purchasing an additional 95,878 shares during the last quarter. Wellington Management Group LLP lifted its position in Interactive Brokers Group by 17.6% during the 3rd quarter. Wellington Management Group LLP now owns 10,901,171 shares of the financial services provider’s stock valued at $750,110,000 after purchasing an additional 1,630,620 shares during the period. Orbis Allan Gray Ltd lifted its position in Interactive Brokers Group by 178.8% during the 2nd quarter. Orbis Allan Gray Ltd now owns 9,740,072 shares of the financial services provider’s stock valued at $539,697,000 after purchasing an additional 6,246,715 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of Interactive Brokers Group by 44.1% in the 4th quarter. Invesco Ltd. now owns 8,288,379 shares of the financial services provider’s stock valued at $533,026,000 after purchasing an additional 2,534,772 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Insider Activity

In related 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 sale, the director owned 173,482 shares in the company, valued at $13,345,970.26. This represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by company insiders.

Interactive Brokers Group Price Performance

Shares of NASDAQ:IBKR opened at $96.00 on Friday. The company has a market capitalization of $162.85 billion, a price-to-earnings ratio of 41.38, a P/E/G ratio of 2.65 and a beta of 1.32. The firm’s 50 day simple moving average is $83.78 and its 200 day simple moving average is $74.53. Interactive Brokers Group, Inc. has a fifty-two week low of $49.30 and a fifty-two week high of $97.81.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. Interactive Brokers Group’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.94 EPS. Equities research analysts expect that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a dividend of $0.0875 per share. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IBKR. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. BMO Capital Markets increased their price objective on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Piper Sandler raised their price objective on shares of Interactive Brokers Group from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, April 22nd. Barclays lifted their target price on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. Finally, Wolfe Research began coverage on shares of Interactive Brokers Group in a research report on Monday, June 8th. They set an “outperform” rating and a $101.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Interactive Brokers Group currently has an average rating of “Moderate Buy” and a consensus target price of $85.22.

About Interactive Brokers Group

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.