Lecap Asset Management Ltd. Buys Shares of 10,347 Interactive Brokers Group, Inc. $IBKR

Lecap Asset Management Ltd. purchased a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 10,347 shares of the financial services provider’s stock, valued at approximately $712,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC boosted its position in Interactive Brokers Group by 312.9% during the 2nd quarter. ORG Partners LLC now owns 479 shares of the financial services provider’s stock worth $27,000 after buying an additional 363 shares during the period. Huntington National Bank raised its stake in shares of Interactive Brokers Group by 51.8% during the second quarter. Huntington National Bank now owns 516 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 176 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Interactive Brokers Group by 300.0% during the second quarter. Contravisory Investment Management Inc. now owns 564 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 423 shares during the period. LFA Lugano Financial Advisors SA acquired a new position in shares of Interactive Brokers Group during the second quarter worth $32,000. Finally, Private Wealth Asset Management LLC grew its stake in shares of Interactive Brokers Group by 300.0% in the second quarter. Private Wealth Asset Management LLC now owns 580 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBKR. Barclays set a $82.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets raised their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. CICC Research started coverage on Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price on the stock. Zacks Research downgraded shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.31.

Insiders Place Their Bets

In other news, Director Lawrence E. Harris sold 10,645 shares of the stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $69.00, for a total transaction of $734,505.00. Following the transaction, the director owned 198,704 shares of the company’s stock, valued at $13,710,576. This represents a 5.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jill Bright bought 400 shares of Interactive Brokers Group stock in a transaction dated Thursday, October 23rd. The stock was purchased at an average price of $65.95 per share, with a total value of $26,380.00. Following the completion of the purchase, the director owned 10,304 shares in the company, valued at $679,548.80. This trade represents a 4.04% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 55,000 shares of company stock valued at $3,767,363 over the last 90 days. Corporate insiders own 2.97% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $70.16 on Friday. The stock’s 50-day moving average is $66.30 and its 200 day moving average is $64.55. Interactive Brokers Group, Inc. has a one year low of $32.82 and a one year high of $73.35. The firm has a market cap of $119.00 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.01 and a beta of 1.24.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The company’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.61 earnings per share. On average, sell-side analysts expect that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

Interactive Brokers Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Monday, December 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $0.32 annualized dividend and a yield of 0.5%. Interactive Brokers Group’s dividend payout ratio is currently 15.38%.

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.