Sumitomo Mitsui DS Asset Management Company Ltd Purchases 101,136 Shares of Interactive Brokers Group, Inc. $IBKR

Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 45.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 323,662 shares of the financial services provider’s stock after buying an additional 101,136 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Interactive Brokers Group were worth $22,271,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Interactive Brokers Group by 303.9% in the second quarter. Vanguard Group Inc. now owns 41,810,406 shares of the financial services provider’s stock valued at $2,316,715,000 after buying an additional 31,458,885 shares in the last quarter. State Street Corp increased its stake in shares of Interactive Brokers Group by 301.3% in the second quarter. State Street Corp now owns 15,131,029 shares of the financial services provider’s stock valued at $838,410,000 after buying an additional 11,360,260 shares during the period. Cantillon Capital Management LLC increased its position in shares of Interactive Brokers Group by 288.7% during the second quarter. Cantillon Capital Management LLC now owns 12,803,631 shares of the financial services provider’s stock worth $709,449,000 after buying an additional 9,509,805 shares during the period. Greenwich Wealth Management LLC raised its position in shares of Interactive Brokers Group by 301.6% in the 2nd quarter. Greenwich Wealth Management LLC now owns 10,864,532 shares of the financial services provider’s stock worth $602,004,000 after acquiring an additional 8,159,175 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Interactive Brokers Group by 227.7% in the second quarter. JPMorgan Chase & Co. now owns 10,148,398 shares of the financial services provider’s stock valued at $562,328,000 after buying an additional 7,051,682 shares during the period. 23.80% of the stock is owned by institutional investors.

Interactive Brokers Group Stock Up 0.4%

Shares of IBKR stock opened at $70.47 on Friday. The stock has a fifty day moving average of $66.30 and a 200 day moving average of $64.69. The firm has a market capitalization of $119.53 billion, a price-to-earnings ratio of 33.84, a PEG ratio of 1.98 and a beta of 1.24. Interactive Brokers Group, Inc. has a 52 week low of $32.82 and a 52 week high of $73.35.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Thursday, October 16th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.08. The firm had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Interactive Brokers Group had a net margin of 10.12% and a return on equity of 5.03%. The company’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 EPS. Equities research analysts anticipate 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, December 12th. Stockholders of record on Monday, December 1st were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 1st. Interactive Brokers Group’s dividend payout ratio is 15.38%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on IBKR shares. Barclays set a $82.00 target price on Interactive Brokers Group and gave the stock an “overweight” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. BMO Capital Markets raised their price target on shares of Interactive Brokers Group from $82.00 to $84.00 and gave the stock an “outperform” rating in a research note on Friday, October 17th. Piper Sandler set a $80.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $91.00 price target on shares of Interactive Brokers Group in a research report on Friday, October 17th. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.31.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 10,645 shares of the company’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $69.00, for a total value of $734,505.00. Following the completion of the sale, the director owned 198,704 shares in the company, valued at $13,710,576. This represents a 5.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jill Bright bought 400 shares of the stock in a transaction that occurred on Thursday, October 23rd. The shares were purchased at an average price of $65.95 per share, for a total transaction of $26,380.00. Following the purchase, the director owned 10,304 shares in the company, valued at $679,548.80. This represents a 4.04% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have sold 55,000 shares of company stock valued at $3,767,363. Insiders own 2.97% of the company’s stock.

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.