735,000 Shares of Interactive Brokers Group, Inc. $IBKR Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 735,000 shares of the financial services provider’s stock, valued at approximately $62,784,000.

A number of other institutional investors have also modified their holdings of the company. Danske Bank A S increased its position in Interactive Brokers Group by 5.8% during the 3rd quarter. Danske Bank A S now owns 172,208 shares of the financial services provider’s stock worth $14,710,000 after purchasing an additional 9,500 shares in the last quarter. Ibex Wealth Advisors lifted its stake in shares of Interactive Brokers Group by 2.0% during the third quarter. Ibex Wealth Advisors now owns 166,783 shares of the financial services provider’s stock worth $14,247,000 after purchasing an additional 3,208 shares in the last quarter. Shah Wealth Advisors LLC acquired a new position in shares of Interactive Brokers Group during the third quarter worth about $384,000. Aberdeen Group plc lifted its stake in shares of Interactive Brokers Group by 725.7% during the third quarter. Aberdeen Group plc now owns 255,521 shares of the financial services provider’s stock worth $21,827,000 after purchasing an additional 224,575 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of Interactive Brokers Group by 2.1% in the third quarter. Allworth Financial LP now owns 7,113 shares of the financial services provider’s stock worth $619,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Interactive Brokers Group Price Performance

Interactive Brokers Group stock traded up $0.46 during midday trading on Friday, hitting $81.79. 3,427,939 shares of the stock were exchanged, compared to its average volume of 5,461,367. Interactive Brokers Group, Inc. has a 1 year low of $58.95 and a 1 year high of $98.75. The firm has a market cap of $139.16 billion, a P/E ratio of 31.46, a P/E/G ratio of 1.33 and a beta of 1.37. The company has a 50 day moving average price of $85.10 and a two-hundred day moving average price of $83.07.

Interactive Brokers Group (NASDAQ:IBKR) last posted its quarterly earnings data on Thursday, October 15th. The financial services provider reported $0.67 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.67. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Interactive Brokers Group had a net margin of 10.03% and a return on equity of 5.38%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.57 EPS. As a group, analysts predict that Interactive Brokers Group, Inc. will post 2.69 EPS for the current year.

Interactive Brokers Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 14th. Investors of record on Tuesday, December 1st will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.7%. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.0875. The ex-dividend date is Tuesday, December 1st. Interactive Brokers Group’s payout ratio is presently 13.46%.

Insider Activity at Interactive Brokers Group

In related news, Director Lawrence Harris sold 25,000 shares of the stock in a transaction dated Wednesday, October 28th. The stock was sold at an average price of $82.61, for a total value of $2,065,250.00. Following the completion of the transaction, the director owned 148,482 shares of the company’s stock, valued at approximately $12,266,098.02. This represents a 14.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Capital One Financial set a $105.00 target price on Interactive Brokers Group in a research note on Tuesday, October 6th. Rothschild & Co Redburn boosted their price target on Interactive Brokers Group from $94.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. UBS Group set a $97.00 price target on Interactive Brokers Group in a research report on Tuesday, October 20th. Wells Fargo & Company initiated coverage on Interactive Brokers Group in a report on Friday, October 2nd. They issued an “overweight” rating and a $102.00 price target for the company. Finally, Raymond James Financial began coverage on shares of Interactive Brokers Group in a research report on Wednesday, August 26th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.87.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc. is an electronic brokerage firm that provides trade execution, clearing and custody services to individual investors and institutional clients, including financial advisers, hedge funds and proprietary trading groups. Its platforms give clients access to a range of investments, including stocks, options, futures, currencies, bonds and funds, with product availability varying by location. The company serves clients in many countries and provides access to markets around the world.