Sumitomo Mitsui DS Asset Management Company Ltd Grows Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 45.4% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 323,662 shares of the financial services provider’s stock after acquiring an additional 101,136 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Interactive Brokers Group were worth $22,271,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 10,645 shares of Interactive Brokers Group stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the sale, the director directly owned 198,704 shares in the company, valued at $13,710,576. This trade represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jill Bright acquired 400 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were purchased at an average price of $65.95 per share, with a total value of $26,380.00. Following the acquisition, the director owned 10,304 shares of the company’s stock, valued at approximately $679,548.80. This trade represents a 4.04% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold a total of 55,000 shares of company stock valued at $3,767,363 over the last three months. Insiders own 2.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. CICC Research assumed coverage on Interactive Brokers Group in a report on Monday, October 27th. They set an “outperform” rating and a $78.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating and set a $91.00 price objective on shares of Interactive Brokers Group in a research report on Friday, October 17th. Piper Sandler set a $80.00 price target on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. BMO Capital Markets raised their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Interactive Brokers Group has a consensus rating of “Moderate Buy” and an average target price of $72.31.

Interactive Brokers Group Stock Performance

NASDAQ IBKR opened at $70.47 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $32.82 and a twelve month high of $73.35. The stock has a market cap of $119.53 billion, a PE ratio of 33.84, a PEG ratio of 1.98 and a beta of 1.24. The firm has a 50-day simple moving average of $66.30 and a 200 day simple moving average of $64.69.

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. Interactive Brokers Group had a return on equity of 5.03% and a net margin of 10.12%.The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company posted $1.61 earnings per share. The company’s quarterly revenue was up 21.2% compared to the same quarter last year. Research analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Announces Dividend

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