Global Retirement Partners LLC Raises Stock Holdings in Interactive Brokers Group, Inc. $IBKR

Global Retirement Partners LLC grew its stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 172.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,251 shares of the financial services provider’s stock after buying an additional 24,867 shares during the quarter. Global Retirement Partners LLC’s holdings in Interactive Brokers Group were worth $2,524,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of IBKR. AQR Capital Management LLC increased its position in Interactive Brokers Group by 24.7% in the first quarter. AQR Capital Management LLC now owns 13,704 shares of the financial services provider’s stock worth $2,269,000 after buying an additional 2,713 shares in the last quarter. Brown Advisory Inc. increased its position in Interactive Brokers Group by 307.9% in the second quarter. Brown Advisory Inc. now owns 14,497 shares of the financial services provider’s stock worth $803,000 after buying an additional 10,943 shares in the last quarter. Cerity Partners LLC purchased a new stake in Interactive Brokers Group in the second quarter worth about $318,000. Daiwa Securities Group Inc. increased its position in Interactive Brokers Group by 291.2% in the second quarter. Daiwa Securities Group Inc. now owns 35,600 shares of the financial services provider’s stock worth $1,973,000 after buying an additional 26,500 shares in the last quarter. Finally, AXA S.A. increased its position in Interactive Brokers Group by 128.1% in the second quarter. AXA S.A. now owns 12,816 shares of the financial services provider’s stock worth $710,000 after buying an additional 7,197 shares in the last quarter. Hedge funds and other institutional investors own 23.80% of the company’s stock.

Insider Buying and Selling

In related news, Director Lawrence E. Harris sold 26,000 shares of the stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the completion of the transaction, the director directly owned 173,482 shares of the company’s stock, valued at approximately $13,345,970.26. This represents a 13.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

IBKR has been the subject of a number of analyst reports. Jefferies Financial Group reduced their price target on Interactive Brokers Group from $91.00 to $81.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Barclays upped their price target on Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 price target for the company. BMO Capital Markets upped their price target on Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Finally, Zacks Research cut Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $83.25.

Interactive Brokers Group Trading Down 3.0%

NASDAQ:IBKR opened at $81.35 on Friday. Interactive Brokers Group, Inc. has a 12-month low of $49.15 and a 12-month high of $88.44. The stock has a 50-day moving average price of $75.48 and a 200 day moving average price of $71.55. The stock has a market capitalization of $138.00 billion, a P/E ratio of 35.06, a P/E/G ratio of 2.25 and a beta of 1.32.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, April 21st. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.The firm had revenue of $1.68 billion during the quarter, compared to analysts’ expectations of $1.69 billion. During the same quarter last year, the business posted $1.94 earnings per share. The firm’s revenue was up 17.0% on a year-over-year basis. On average, research analysts predict that Interactive Brokers Group, Inc. will post 2.46 earnings per share for the current fiscal year.

Interactive Brokers Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Monday, June 1st will be given a dividend of $0.0875 per share. This is an increase from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, June 1st. Interactive Brokers Group’s dividend payout ratio (DPR) is 13.79%.

Interactive Brokers Group Company Profile

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.