Allianz Asset Management GmbH Has $46.20 Million Stock Position in Interactive Brokers Group, Inc. $IBKR

Allianz Asset Management GmbH increased its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 185.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 833,813 shares of the financial services provider’s stock after buying an additional 541,672 shares during the quarter. Allianz Asset Management GmbH’s holdings in Interactive Brokers Group were worth $46,202,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Interactive Brokers Group by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 10,351,521 shares of the financial services provider’s stock worth $1,714,108,000 after buying an additional 280,004 shares during the period. American Century Companies Inc. increased its holdings in Interactive Brokers Group by 1,476.3% during the 1st quarter. American Century Companies Inc. now owns 1,433,981 shares of the financial services provider’s stock worth $237,453,000 after purchasing an additional 1,343,007 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Interactive Brokers Group by 13.5% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,230,207 shares of the financial services provider’s stock worth $203,710,000 after purchasing an additional 145,870 shares in the last quarter. Invesco Ltd. increased its holdings in Interactive Brokers Group by 45.6% during the 1st quarter. Invesco Ltd. now owns 1,115,214 shares of the financial services provider’s stock worth $184,668,000 after purchasing an additional 349,255 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Interactive Brokers Group by 8.7% during the 1st quarter. Northern Trust Corp now owns 952,772 shares of the financial services provider’s stock worth $157,770,000 after purchasing an additional 76,283 shares in the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Interactive Brokers Group

In other Interactive Brokers Group news, Vice Chairman Earl H. Nemser sold 194,086 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $67.49, for a total transaction of $13,098,864.14. Following the completion of the transaction, the insider directly owned 461,500 shares of the company’s stock, valued at approximately $31,146,635. This represents a 29.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Paul Jonathan Brody sold 116,861 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $64.73, for a total value of $7,564,412.53. Following the transaction, the chief financial officer directly owned 158,954 shares of the company’s stock, valued at approximately $10,289,092.42. This trade represents a 42.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,205,683 shares of company stock valued at $77,217,965. 2.97% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

IBKR has been the subject of a number of recent research reports. Citigroup boosted their price objective on Interactive Brokers Group from $53.75 to $60.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 2nd. Barclays set a $80.00 price objective on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Friday. BMO Capital Markets boosted their price objective on Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Wall Street Zen raised Interactive Brokers Group from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Interactive Brokers Group currently has a consensus rating of “Moderate Buy” and an average target price of $71.34.

Interactive Brokers Group Stock Down 3.3%

IBKR stock opened at $66.23 on Friday. The firm has a market cap of $112.34 billion, a PE ratio of 31.80, a P/E/G ratio of 2.80 and a beta of 1.22. The business has a 50 day moving average of $65.30 and a 200-day moving average of $56.38. Interactive Brokers Group, Inc. has a 12-month low of $32.82 and a 12-month high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last released its 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. The company had revenue of $1.66 billion during the quarter, compared to analyst estimates of $1.47 billion. Interactive Brokers Group had a return on equity of 5.17% and a net margin of 10.12%.Interactive Brokers Group’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. On average, research analysts expect that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current year.

Interactive Brokers Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Monday, December 1st will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is 16.49%.

About Interactive Brokers Group

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.