OFI Invest Asset Management Takes $22.36 Million Position in Interactive Brokers Group, Inc. $IBKR

OFI Invest Asset Management acquired a new stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 347,634 shares of the financial services provider’s stock, valued at approximately $22,356,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Interactive Brokers Group by 26.4% during the third quarter. Vanguard Group Inc. now owns 52,859,085 shares of the financial services provider’s stock valued at $3,637,234,000 after purchasing an additional 11,048,679 shares during the period. State Street Corp increased its position in shares of Interactive Brokers Group by 23.2% during the third quarter. State Street Corp now owns 18,648,758 shares of the financial services provider’s stock valued at $1,283,221,000 after purchasing an additional 3,517,729 shares during the period. Wellington Management Group LLP increased its position in shares of Interactive Brokers Group by 17.6% during the third 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 increased its position in shares of Interactive Brokers Group by 178.8% during the second 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, Bank of America Corp DE grew its position in Interactive Brokers Group by 225.4% in the second quarter. Bank of America Corp DE now owns 7,594,906 shares of the financial services provider’s stock valued at $420,834,000 after acquiring an additional 5,260,923 shares during the period. 23.80% of the stock is currently owned by institutional investors.

Interactive Brokers Group Stock Performance

Interactive Brokers Group stock opened at $72.31 on Thursday. The firm has a market cap of $122.66 billion, a P/E ratio of 32.65, a P/E/G ratio of 1.90 and a beta of 1.25. The business’s fifty day moving average is $70.59 and its two-hundred day moving average is $68.92. Interactive Brokers Group, Inc. has a 52 week low of $36.22 and a 52 week high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.58 billion. Interactive Brokers Group had a return on equity of 5.12% and a net margin of 9.44%.The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.51 earnings per share. On average, equities research analysts predict that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a $0.08 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.4%. Interactive Brokers Group’s payout ratio is currently 14.48%.

Analyst Ratings Changes

IBKR has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research report on Wednesday. They issued a “market perform” rating and a $75.00 price target on the stock. Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Barclays upped their price target on Interactive Brokers Group from $83.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Jefferies Financial Group lowered their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating on the stock in a research report on Monday. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $76.97.

Insider Buying and Selling

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 145,000 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $77.85, for a total value of $11,288,250.00. Following the transaction, the insider owned 155,000 shares of the company’s stock, valued at approximately $12,066,750. The trade was a 48.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 400,000 shares of company stock valued at $30,725,122 over the last quarter. 2.80% of the stock is currently owned by insiders.

Interactive Brokers Group Company Profile

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.