Munro Partners Has $7.74 Million Position in Interactive Brokers Group, Inc. $IBKR

Munro Partners increased its stake in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) by 52.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 120,385 shares of the financial services provider’s stock after buying an additional 41,405 shares during the quarter. Munro Partners’ holdings in Interactive Brokers Group were worth $7,742,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. boosted its holdings in shares of Interactive Brokers Group by 64.3% during the fourth quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 178 shares during the period. Entrust Financial LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $31,000. Tucker Asset Management LLC acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $32,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Interactive Brokers Group during the fourth quarter worth approximately $34,000. 23.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Interactive Brokers Group

In other news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total value of $2,000,180.00. Following the transaction, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. This trade represents a 13.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays raised their price target on shares of Interactive Brokers Group from $85.00 to $93.00 and gave the stock an “overweight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group set a $98.00 target price on shares of Interactive Brokers Group in a research note on Friday, May 1st. Keefe, Bruyette & Woods assumed coverage on shares of Interactive Brokers Group in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $75.00 target price for the company. Zacks Research cut shares of Interactive Brokers Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Finally, Wolfe Research assumed coverage on shares of Interactive Brokers Group in a research note on Monday, June 8th. They issued an “outperform” rating and a $101.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and a consensus price target of $85.22.

Interactive Brokers Group Stock Up 2.1%

NASDAQ IBKR opened at $92.76 on Tuesday. Interactive Brokers Group, Inc. has a 12-month low of $49.30 and a 12-month high of $94.73. The stock has a market capitalization of $157.35 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.32. The company has a 50 day moving average price of $81.72 and a two-hundred day moving average price of $73.74.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, April 21st. The financial services provider reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. Interactive Brokers Group had a net margin of 9.65% and a return on equity of 5.19%. The company had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.69 billion. During the same quarter last year, the firm posted $1.94 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts anticipate that Interactive Brokers Group, Inc. will post 2.46 EPS for the current year.

Interactive Brokers Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Monday, June 1st were given a $0.0875 dividend. This is a positive change from Interactive Brokers Group’s previous quarterly dividend of $0.08. This represents a $0.35 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 1st. Interactive Brokers Group’s payout ratio is 15.09%.

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.