Sumitomo Mitsui Trust Group Inc. Has $59.88 Million Stake in Interactive Brokers Group, Inc. $IBKR

Sumitomo Mitsui Trust Group Inc. increased its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 3.7% in the third quarter, Holdings Channel.com reports. The firm owned 870,209 shares of the financial services provider’s stock after purchasing an additional 31,261 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Interactive Brokers Group were worth $59,879,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in IBKR. Thrive Wealth Management LLC raised its holdings in Interactive Brokers Group by 243.8% in the 2nd quarter. Thrive Wealth Management LLC now owns 8,691 shares of the financial services provider’s stock valued at $482,000 after acquiring an additional 6,163 shares in the last quarter. Quinn Opportunity Partners LLC raised its stake in Interactive Brokers Group by 158.0% in the second quarter. Quinn Opportunity Partners LLC now owns 311,000 shares of the financial services provider’s stock valued at $17,233,000 after purchasing an additional 190,452 shares in the last quarter. American Century Companies Inc. raised its stake in Interactive Brokers Group by 290.7% in the second quarter. American Century Companies Inc. now owns 5,602,511 shares of the financial services provider’s stock valued at $310,435,000 after purchasing an additional 4,168,530 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Interactive Brokers Group by 45.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 323,662 shares of the financial services provider’s stock worth $22,271,000 after purchasing an additional 101,136 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Interactive Brokers Group by 335.1% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 374,008 shares of the financial services provider’s stock worth $20,724,000 after buying an additional 288,055 shares in the last quarter. Institutional investors own 23.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IBKR. The Goldman Sachs Group restated a “buy” rating and issued a $91.00 target price on shares of Interactive Brokers Group in a research report on Friday, October 17th. CICC Research initiated coverage on shares of Interactive Brokers Group in a research report on Monday, October 27th. They set an “outperform” rating and a $78.00 price objective for the company. Zacks Research downgraded Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Weiss Ratings reiterated 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 $82.00 to $84.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $75.25.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence E. Harris sold 22,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 23rd. The shares were sold at an average price of $67.63, for a total value of $1,487,860.00. Following the completion of the transaction, the director owned 231,704 shares in the company, valued at $15,670,141.52. This trade represents a 8.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jill Bright bought 400 shares of Interactive Brokers Group stock in a transaction on Thursday, October 23rd. The shares were acquired at an average cost of $65.95 per share, for a total transaction of $26,380.00. Following the completion of the acquisition, the director directly owned 10,304 shares in the company, valued at approximately $679,548.80. The trade was 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 in the last ninety days. 2.97% of the stock is currently owned by insiders.

Interactive Brokers Group Stock Performance

Shares of NASDAQ:IBKR opened at $71.35 on Thursday. Interactive Brokers Group, Inc. has a 52-week low of $32.82 and a 52-week high of $73.35. The company has a market capitalization of $121.02 billion, a PE ratio of 34.26, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. The company has a fifty day moving average of $66.25 and a 200-day moving average of $65.15.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.08. The business 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%.Interactive Brokers Group’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 EPS. On average, equities analysts forecast that Interactive Brokers Group, Inc. will post 7.46 EPS for the current fiscal year.

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.