SEB Asset Management AB Invests $7.31 Million in Interactive Brokers Group, Inc. $IBKR

SEB Asset Management AB bought a new position in shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 109,043 shares of the financial services provider’s stock, valued at approximately $7,314,000.

Several other institutional investors also recently bought and sold shares of IBKR. Reflection Asset Management purchased a new stake in Interactive Brokers Group in the 4th quarter worth approximately $26,000. IMA Advisory Services Inc. increased its holdings in shares of Interactive Brokers Group by 64.3% during the 4th quarter. IMA Advisory Services Inc. now owns 455 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 178 shares in the last quarter. Tobam purchased a new position in shares of Interactive Brokers Group during the 4th quarter valued at approximately $30,000. Entrust Financial LLC acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $31,000. Finally, SHP Wealth Management acquired a new position in shares of Interactive Brokers Group in the 4th quarter valued at $31,000. 23.80% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on IBKR shares. Zacks Research upgraded shares of Interactive Brokers Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. China Renaissance began coverage on shares of Interactive Brokers Group in a research report on Tuesday, July 7th. They issued a “hold” rating for the company. BMO Capital Markets increased their target price on shares of Interactive Brokers Group from $80.00 to $93.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods initiated coverage on Interactive Brokers Group in a research report on Wednesday, April 8th. They set a “market perform” rating and a $75.00 target price on the stock. Finally, Weiss Ratings upgraded Interactive Brokers Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Interactive Brokers Group has an average rating of “Moderate Buy” and an average target price of $93.89.

Insiders Place Their Bets

In other Interactive Brokers Group news, Director Lawrence E. Harris sold 26,000 shares of Interactive Brokers Group stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $76.93, for a total transaction of $2,000,180.00. Following the sale, the director owned 173,482 shares of the company’s stock, valued at $13,345,970.26. The trade was a 13.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

Interactive Brokers Group Price Performance

Shares of Interactive Brokers Group stock opened at $94.42 on Wednesday. The business has a 50 day simple moving average of $89.76 and a two-hundred day simple moving average of $78.97. Interactive Brokers Group, Inc. has a 12 month low of $58.95 and a 12 month high of $97.84. The stock has a market capitalization of $160.17 billion, a P/E ratio of 40.70, a PEG ratio of 2.10 and a beta of 1.33.

Interactive Brokers Group (NASDAQ:IBKR) last released its earnings results on Tuesday, July 21st. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.05. The business had revenue of $1.88 billion for the quarter, compared to the consensus estimate of $1.80 billion. Interactive Brokers Group had a return on equity of 5.19% and a net margin of 9.65%.During the same quarter last year, the business posted $0.51 earnings per share. As a group, research analysts anticipate that Interactive Brokers Group, Inc. will post 2.55 EPS for the current fiscal year.

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.