ING Groep NV Invests $712,000 in Interactive Brokers Group, Inc. $IBKR

ING Groep NV purchased a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,353 shares of the financial services provider’s stock, valued at approximately $712,000.

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

Insiders Place Their Bets

In other news, Vice Chairman Earl H. Nemser sold 145,000 shares of the stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $77.85, for a total transaction of $11,288,250.00. Following the completion of the transaction, the insider directly owned 155,000 shares of the company’s stock, valued at $12,066,750. This represents a 48.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 400,000 shares of company stock valued at $30,725,122 in the last 90 days. 2.97% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on IBKR shares. BMO Capital Markets raised their target price on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, January 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Interactive Brokers Group in a research report on Monday, December 29th. Zacks Research raised shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 26th. Barclays set a $83.00 target price on shares of Interactive Brokers Group and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Finally, CICC Research assumed coverage on shares of Interactive Brokers Group in a report on Monday, October 27th. They issued an “outperform” rating and a $78.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $76.39.

Interactive Brokers Group Trading Up 2.3%

IBKR stock opened at $74.75 on Friday. The stock has a market cap of $126.79 billion, a P/E ratio of 33.75, a P/E/G ratio of 2.09 and a beta of 1.24. The stock’s fifty day simple moving average is $70.31 and its two-hundred day simple moving average is $67.40. Interactive Brokers Group, Inc. has a 1-year low of $32.82 and a 1-year high of $79.18.

Interactive Brokers Group (NASDAQ:IBKR) last announced its earnings results on Tuesday, January 20th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15. The firm had revenue of $1.64 billion during 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% compared to the same quarter last year. During the same period last year, the firm posted $0.51 EPS. As a group, analysts forecast that Interactive Brokers Group, Inc. will post 7.46 earnings per share for the current fiscal year.

Interactive Brokers Group Dividend Announcement

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

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.