Korea Investment CORP Grows Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Korea Investment CORP grew its position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 80.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 272,572 shares of the financial services provider’s stock after acquiring an additional 121,500 shares during the period. Korea Investment CORP’s holdings in Interactive Brokers Group were worth $18,756,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. AQR Capital Management LLC lifted its position in shares of Interactive Brokers Group by 24.7% in the 1st quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after purchasing an additional 2,713 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Interactive Brokers Group by 1,051.5% during the 2nd quarter. First Horizon Advisors Inc. now owns 760 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 694 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Interactive Brokers Group by 352.5% during the second quarter. Penserra Capital Management LLC now owns 2,240 shares of the financial services provider’s stock valued at $124,000 after buying an additional 1,745 shares during the period. Metis Global Partners LLC increased its position in shares of Interactive Brokers Group by 171.1% during the second quarter. Metis Global Partners LLC now owns 5,230 shares of the financial services provider’s stock valued at $290,000 after buying an additional 3,301 shares during the period. Finally, AE Wealth Management LLC raised its stake in Interactive Brokers Group by 312.7% in the second quarter. AE Wealth Management LLC now owns 30,186 shares of the financial services provider’s stock worth $1,673,000 after buying an additional 22,872 shares in the last quarter. 23.80% of the stock is owned by institutional investors.

Insider Activity at Interactive Brokers Group

In other news, Vice Chairman Earl H. Nemser sold 60,200 shares of the firm’s stock in a transaction on Tuesday, January 27th. The stock was sold at an average price of $75.30, for a total transaction of $4,533,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 400,000 shares of company stock valued at $30,725,122 over the last 90 days. Corporate insiders own 2.97% of the company’s stock.

Analyst Ratings Changes

IBKR has been the topic of several research reports. BMO Capital Markets lifted their price objective on Interactive Brokers Group from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, January 21st. Zacks Research lowered Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings restated a “hold (c)” rating on shares of Interactive Brokers Group in a research note on Monday, December 29th. Finally, Barclays set a $83.00 price target on Interactive Brokers Group and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $76.39.

Interactive Brokers Group Stock Performance

Shares of NASDAQ IBKR opened at $68.50 on Wednesday. The company has a 50 day simple moving average of $72.54 and a two-hundred day simple moving average of $68.29. Interactive Brokers Group, Inc. has a fifty-two week low of $32.82 and a fifty-two week high of $79.18. The company has a market capitalization of $116.19 billion, a price-to-earnings ratio of 30.93, a P/E/G ratio of 1.89 and a beta of 1.23.

Interactive Brokers Group (NASDAQ:IBKR) last issued its quarterly earnings results on Tuesday, January 20th. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15. The firm had revenue of $1.64 billion for the quarter, compared to analysts’ expectations 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 for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. On average, 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 announced a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be 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 of this dividend is Friday, February 27th. Interactive Brokers Group’s dividend 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.