Robeco Institutional Asset Management B.V. Has $28.62 Million Holdings in Interactive Brokers Group, Inc. $IBKR

Robeco Institutional Asset Management B.V. increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 283.0% during the second quarter, Holdings Channel reports. The fund owned 516,526 shares of the financial services provider’s stock after acquiring an additional 381,656 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Interactive Brokers Group were worth $28,621,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Interactive Brokers Group by 2.8% during the first quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock valued at $1,714,108,000 after purchasing an additional 280,004 shares in the last quarter. American Century Companies Inc. grew its position in Interactive Brokers Group by 1,476.3% during the first quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock valued at $237,453,000 after purchasing an additional 1,343,007 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Interactive Brokers Group by 13.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider’s stock valued at $203,710,000 after purchasing an additional 145,870 shares in the last quarter. Invesco Ltd. grew its position in Interactive Brokers Group by 45.6% during the first quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock valued at $184,668,000 after purchasing an additional 349,255 shares in the last quarter. Finally, Northern Trust Corp grew its position in Interactive Brokers Group by 8.7% during the first quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider’s stock valued at $157,770,000 after purchasing an additional 76,283 shares in the last quarter. Institutional investors and hedge funds own 23.80% of the company’s stock.

Interactive Brokers Group Stock Down 0.8%

NASDAQ IBKR opened at $70.36 on Friday. The company has a 50 day moving average price of $64.33 and a two-hundred day moving average price of $54.56. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $71.78. The stock has a market capitalization of $119.34 billion, a PE ratio of 36.17, a price-to-earnings-growth ratio of 2.91 and a beta of 1.22.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings data on Thursday, July 17th. The financial services provider reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. Interactive Brokers Group had a net margin of 9.78% and a return on equity of 4.92%. The business had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the previous year, the company earned $1.76 earnings per share. Interactive Brokers Group’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 7.46 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Monday, September 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 29th. Interactive Brokers Group’s payout ratio is presently 16.49%.

Insider Buying and Selling at Interactive Brokers Group

In other news, CFO Paul Jonathan Brody sold 17,058 shares of the business’s stock in a transaction on Friday, September 26th. The shares were sold at an average price of $65.78, for a total value of $1,122,075.24. Following the completion of the sale, the chief financial officer directly owned 28,289 shares in the company, valued at approximately $1,860,850.42. The trade was a 37.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,205,683 shares of company stock valued at $77,217,965 in the last ninety days. 2.97% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on IBKR shares. Citigroup boosted their price objective on shares of Interactive Brokers Group from $53.75 to $60.00 and gave the company a “buy” rating in a research report on Monday, July 7th. BMO Capital Markets started coverage on shares of Interactive Brokers Group in a research report on Friday. They set an “outperform” rating and a $82.00 price objective on the stock. Piper Sandler boosted their price objective on shares of Interactive Brokers Group from $45.50 to $65.00 and gave the company an “overweight” rating in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Interactive Brokers Group in a research note on Saturday, September 27th. Finally, Barclays lifted their target price on shares of Interactive Brokers Group from $65.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, July 18th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.47.

Interactive Brokers Group Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.