Interactive Brokers Group, Inc. $IBKR Shares Bought by Waverton Investment Management Ltd

Waverton Investment Management Ltd lifted its position in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 10.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,922,936 shares of the financial services provider’s stock after buying an additional 481,693 shares during the period. Interactive Brokers Group comprises 4.4% of Waverton Investment Management Ltd’s holdings, making the stock its 6th largest position. Waverton Investment Management Ltd’s holdings in Interactive Brokers Group were worth $338,772,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ballentine Partners LLC increased its holdings in shares of Interactive Brokers Group by 1.0% in the third quarter. Ballentine Partners LLC now owns 15,389 shares of the financial services provider’s stock worth $1,059,000 after acquiring an additional 145 shares in the last quarter. Caitlin John LLC grew its position in shares of Interactive Brokers Group by 0.6% in the 3rd quarter. Caitlin John LLC now owns 25,195 shares of the financial services provider’s stock valued at $1,734,000 after purchasing an additional 153 shares during the period. Petra Financial Advisors Inc. increased its stake in Interactive Brokers Group by 1.7% during the 3rd quarter. Petra Financial Advisors Inc. now owns 10,221 shares of the financial services provider’s stock worth $703,000 after purchasing an additional 167 shares in the last quarter. Huntington National Bank increased its stake in Interactive Brokers Group by 51.8% during the 2nd quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 176 shares in the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in Interactive Brokers Group by 18.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,180 shares of the financial services provider’s stock worth $81,000 after buying an additional 180 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $71.19 on Monday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $79.18. The company has a market capitalization of $120.75 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 1.99 and a beta of 1.23. The company has a 50-day simple moving average of $72.11 and a 200 day simple moving average of $68.00.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. As a group, 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $0.32 annualized dividend and a dividend yield of 0.4%. Interactive Brokers Group’s dividend payout ratio is presently 14.48%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $75.30, for a total transaction of $4,533,060.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have sold 400,000 shares of company stock worth $30,725,122. Company insiders own 2.97% of the company’s stock.

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.